Texas Enforces New Law to Restrict Foreign Buyers in Real Estate Market
Austin, Texas – A new law has taken effect in Texas, banning foreign entities from purchasing certain types of real estate. The legislation, which is part of a broader national conversation about foreign ownership of U.S. land, aims to address concerns about housing affordability and domestic property rights. It reflects growing apprehension among Texans regarding the numerous high-profile purchases made by foreign investors in the state’s real estate market. The ban specifically targets foreign governments and their affiliates, as well as certain entities from countries deemed hostile to the United States, including China, Iran, North … Read more