The government has announced the lifting of the moratorium on foreign real estate investment. Foreign individuals or entities wishing to acquire a property will have to pay a tax, ranging from 3 to 10%, for example, depending on the real estate units invested in. Additionally, it is explained that foreign investments aimed at building rental housing will receive a 90% tax exemption. The moratorium has been lifted with the approval of the budget. Real estate agencies were awaiting this measure because since the veto, the housing market had almost completely stalled.

Official Source: