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Among the many factors impacting demand for real estate, some of the more complex considerations relate to the laws and policies of various governments. From differences in tax treatments, to allowed investment strategies, or the ease of securing visas/residency status…all these factors and more can play a significant role in where and how global buyers, especially of luxury properties, choose to acquire real estate.
In today’s market, one topic in particular is gaining special attention: the potential risk of real estate money laundering. This issue of Global Perspectives examines recent developments in the United Kingdom, Canada, and the United States, including new, increased scrutiny of luxury transactions in Manhattan and Miami. You’ll also find guidance from the National Association of REALTORS® (NAR) on identifying and responding to suspicious activity.
Inside, you’ll also learn about recent efforts to reauthorize the U.S. EB-5 Regional Center Program, central to efforts to stimulate the U.S. economy through job creation and capital investment by foreign investors, in exchange for immigrant visas for investors and their families.
Finally, you’ll learn about changes to the FIRPTA withholding rate—a development that may impact U.S. transactions involving foreign property owners. Changes to the withholding rate, both the withholding amount and the transaction level at which it applies, are intended to accommodate other tax provisions that will have a very positive impact on foreign investment in U.S. commercial real estate.
Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.