Quote:
Originally Posted by red-paladin
This is a serious question, Are there any western democracies that have strict laws that prevent foreigners from buying real estate? It was my impression that only less than desirable countries had policies like that. I believe that Mexico has policies that limit foreign ownership.
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Australia, Switzerland, Denmark, France, Japan, Singapore, Turkey, Mexico, China, Thailand, even the USA heavily discourages it. (I know these are not all western democracies but I don't know why that should matter)
And of course most countries don't do this because they're more interested in making maximum short term profit than actually creating a nice place to live.
Quote:
Originally Posted by st7860
With regards to Canada. although the word is that there's lots of foreigners buying up Vancouver, the (land title?0 data doesn't support that. In other words most buyers are Permanent Residents.
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There is no accurate data, and any reasonable person can understand why. But again it doesn't really matter where they're from, it matters that only multi-millionaires can afford a house now.
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