| From Investmentinternational.com: A plan to lower or get rid of US taxes currently imposed on foreign investors in the commercial real estate market is being considered. But it is feared that Tax breaks may not be enough of a sweetener to bring foreign buyers back into the floundering US property market, where falling rents, rising vacancies, a scarcity of debt financing and lack of property for sale have acted as deterrents.
The Real Estate Revitalization Act of 2010 is designed to stir demand by foreigners and in turn lift prices and encourage even more buying by alleviating the US tax burden imposed upon foreign sellers. The number of commercial property deals fell by 55% in 2009 after falling 62% the previous year........................................Full Article: Source
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