Can a foreign person who resides in the EU buy a property in the US?

4 comments

1. Unfortunately yes. About 10% of homes in many markets are foreign owned and not resided in, increasing home prices significantly in an already stressed market.

2. Of course you can buy real estate. It doesn’t matter what your citizenship is or where you reside. If you have money you can buy real estate here.

3. Yes. Absentee foreign ownership is common in my city and it drives local housing costs up, making it even harder for locals to live in their hometown.

4. Unfortunately, yes. It’s most common with Chinese investors, because China would love as much property on American soil as possible. Then they usually turn them into air bnb’s or rentals.