The Mystery of Anonymous Investment in US Real Estate

Matthew Collin, Karan Mishra and Andreas Økland
Additional contact information
Matthew Collin: EU Tax Observatory
Karan Mishra: EU Tax Observatory
Andreas Økland: NMBU

No 11, Notes from EU Tax Observatory

Abstract: This note addresses the significant concerns associated with anonymous real estate ownership in the United States, highlighting how a considerable amount of property, including residential real estate, is held via corporate entities that conceal the true owners. Analyzing data from three major US cities, New York, Miami and Boston, we reveal the limitations of current methods in accurately identifying foreign ownership and propose solutions for federal and state authorities to enhance transparency and understanding of the extent of cross-border real estate ownership. Without such measures, the enigma of anonymous ownership persists, obstructing our collective grasp of its breadth and implications. The fact that the size and scope of foreign investment in US real estate remains a mystery is not a data problem, but a policy one.

Keywords: Anonymous ownership; real estate transparency; foreign investment (search for similar items in EconPapers)
JEL-codes: H26 K34 R31 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2024-06
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.taxobservatory.eu//www-site/uploads/20 ... Real-Estate-2024.pdf Full note (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dbp:plnote:011

Access Statistics for this paper

More papers in Notes from EU Tax Observatory Contact information at EDIRC.
Bibliographic data for series maintained by Inga Chilashvili ().