Yahoo Finance, July 1, 2023, Florida law limiting foreign real estate investors ‘borders on redlining’
The bill signed by Gov. Ron DeSantis in May bans citizens from Cuba, Venezuela, Iran, Russia, China, North Korea and Syria from purchasing agricultural land in the state. It would also restrict foreigners from those countries from buying real estate within 20 miles of airports, US military installations, or other so-called “critical” infrastructure facilities.
The law threatens to violate the Constitution and the Fair Housing Act, civil liberty and real estate experts said, the latter of which protects homebuyers from being discriminated against based on race or national origin.
