As it should be, these overseas investors buy up property and hike up rent prices to crazy levels. i say this being an American living in the EU.
It’s useless since rich investors can just buy an EU passport (citizenship by investment)
Ok, thats stupid. There will be loopholes or they will just set up a company in EU that will by it as proxies. All of that to limit the freedom on the market.
Better solution – extra tax from property that stays empty for more than 6 months of the year. Works for rich EU and non EU people that were buying houses to speculate. If someone lives there and pays rent then its legit. Negative impact ?
Ruins the market of holiday homes that EU people are mass buying in Finland.
Before I get angry redditors thinking they got a good argument against that – you check if there is anyone living in the home through usage of water and electricity.
“The Finnish government on Thursday proposed a bill that would restrict real estate transactions involving foreigners that could threaten “national security.”
So that means not all transactions but only in certain cases ? The headline is misleading
4 comments
As it should be, these overseas investors buy up property and hike up rent prices to crazy levels. i say this being an American living in the EU.
It’s useless since rich investors can just buy an EU passport (citizenship by investment)
Ok, thats stupid. There will be loopholes or they will just set up a company in EU that will by it as proxies. All of that to limit the freedom on the market.
Better solution – extra tax from property that stays empty for more than 6 months of the year. Works for rich EU and non EU people that were buying houses to speculate. If someone lives there and pays rent then its legit. Negative impact ?
Ruins the market of holiday homes that EU people are mass buying in Finland.
Before I get angry redditors thinking they got a good argument against that – you check if there is anyone living in the home through usage of water and electricity.
“The Finnish government on Thursday proposed a bill that would restrict real estate transactions involving foreigners that could threaten “national security.”
So that means not all transactions but only in certain cases ? The headline is misleading