Quote:
Originally Posted by scryer
This is usually one of those threads that I like to keep quiet in and just read...
But we aren't seeing this massive amount of foreign real-estate investment in Europe. Now I know that Europe is a totally different animal but if I was a billionaire that lived in Asia, I might consider taking some of my millions to buy a place in Portugal to enjoy the beaches (for example). There's lots to be desired in Europe.
Other countries are preventing this real-estate frenzy around the world. Would anyone have any insight as to why this is? Because even tiny countries in Europe aren't crying over housing like we are here. Please excuse my ignorance but I feel that they have certain laws and strategies in place that we don't.
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Maybe the EU is better at scrutinizing dirty money?