Expensive and complex US taxation deters private banks from capitalising on US property boom

31 October 2012 | 3 minutes read

Asian buyers are injecting billions of dollars into the US residential real estate market, making them the second largest group of foreign buyers in the country after Canadians, according to the National Association of Realtors, America’s largest trade association. However, private banks in Asia have been unable to cash in on this Westward exodus of capital because they are deterred…

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