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Three months after Florida banned many Chinese citizens from owning property, some real estate agents say they are losing business as families across the state are walking away from deals.
A U.S. appeals court has blocked Florida from enforcing a ban on Chinese citizens owning homes or land in the state against two Chinese nationals who were in the process of buying property when ...
May 11, 2023 at 5:30 AM. A strongly criticized new Florida law restricts the real estate buying power of foreigners from seven countries, a startling move for Miami’s global property market. The ...
Overview. In 2013, foreign buyers made up about 7% ($92.2 billion) of transactions in the $1.2 trillion U.S. real estate market. Canada was the main buyer with 19% of sales (decrease from 23% the year before), China was on the second place with 16% of sales, while on the first place considering total foreign sales by dollar value (24% or $22 ...
Alien land laws. Alien land laws were a series of legislative attempts to discourage Asian and other "non-desirable" immigrants from settling permanently in U.S. states and territories by limiting their ability to own land and property. Because the Naturalization Act of 1870 had extended citizenship rights only to African Americans but not ...
The Chinese property sector crisis is a current financial crisis sparked by the 2021 default of Evergrande Group. Evergrande, and other Chinese property developers, experienced financial stress in the wake of overbuilding and subsequent new Chinese regulations on these companies' debt limits. The crisis spread beyond Evergrande in 2021 to such ...
Loaded 0%. Florida Gov. Ron DeSantis (R) on Monday signed a bill into law to greatly restrict the ability of many foreign nationals to buy land in the state, and to prohibit most Chinese citizens ...
A new law that bans citizens of China and some other countries from purchasing property in large swaths of Florida can be enforced while being challenged in court, a federal judge ruled Thursday.