The New York Times: U.S. Will Track Secret Buyers of Luxury Real Estate

U.S. Will Track Secret Buyers of Luxury Real Estate

nytimes.com

U.S. Will Track Secret Buyers of Luxury Real Estate

Concerned about illicit money flowing into luxury real estate, the Treasury Department said Wednesday that it would begin identifying and tracking secret buyers of high-end properties.

The initiative will start in two of the nation’s major destinations for global wealth: Manhattan and Miami-Dade County

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