A wave of governments placing restrictions on foreign real estate investors

New Zealand became the latest in a wave of governments placing restrictions on foreign investors, joining countries like Denmark and Switzerland, which have long restricted real estate investment by non-citizens.

Other countries taking similar measures in recent years include Australia, the Canadian provinces of Ontario and British Columbia, Singapore. Britain is considering adding a 1 percent tax on home purchases made by non residents, and Malaysia is also eyeing new levies.

Restrictions like these have led to slower growth in many of the areas that have adopted them.

The Philippines are currently opened to foreign investments and are about to ease the foreigners’ business. Catch the right time and get in touch: admin@helyos.com.ph

For details about the mentioned news, source is the New York Times: Read More…