In 1980, Congress passed a law that sought to prevent foreign investors from buying United States property. Ever since, the commercial real-estate industry has been doing it’s best to change the minds of these lawmakers. Recently, Congress passed new tax measures and wide spending, which in turn, relaxed the former law. It’s expected that foreign investors will spend billions of dollars on malls, office buildings and various apartments throughout the country. So, what changed in the law then? Find out in Tal’s blog here.
Lawmakers Finally Ease Up on FIRPTA
