USA
Buying Property in USA
Based on the statistics from the US Department of Commerce, the amount of foreign investment in the US real estate business was over $44 billion in 1998 and is expected to continue to rise. The political and economic stability, an inventory of investment-grade properties on the market, an environment that does not discriminate against foreign investment, attractive risk-return ratio, and tax incentives are the main factors that attract foreign investors.
Generally, the central (federal) government’s involvement in U.S. land law is very limited, mainly in the sensitive resources, industries, federal and state owned real properties, and land comprising territories. Federal laws in bankruptcy, environmental, securities, and income tax also have impact to real property transactions. In essence, American land law is state law. Each state has its own statute and/or regulation that govern foreign real estate or land ownership. State laws are divided into certain roughly identifiable categories in terms of governing foreign ownership. (continue)
Real Estate Data
General Data
Cultural Data