Countries Attempt to Lure Foreign Buyers »
By Howard Jr. on May 4, 2009 in For Realtors, Foreign Investors, News on International Real Estate, Returning Residents | 0 Comments
As countries worldwide face declining real estate sales, a growing number are easing restrictions that prevent foreign ownership of property. For instance, Beijing suspended a one-year residency requirement for foreign nationals who want to buy a home. In March, the Cayman Islands lowered transfer taxes from 7.5 percent to 5 percent on waterfront properties, and [...]
