Swell of State Bills Would Prevent Certain Groups From Purchasing U.S. Real Estate
March 2, 2023
A significant number of bills have been introduced at the state level restricting the ability of certain foreign individuals and entities to buy property. In some instances, the bills prohibit ownership of certain types of property, such as farmland or disallow property ownership with proximity to agricultural businesses, military bases or other property deemed essential to national security. ALTA is tracking at least 75 bills that would limit the purchase of real estate by certain foreign individuals or entities.
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