US Apt Investment Market Enjoy Boost From New Tax Plan

According to a new report by CBRE that analyzed the implications of tax reform on the multifamily sector in the largest 35 U.S. property markets, the recently enacted U.S. tax reform is poised to benefit the U.S. multifamily investment market. “The new tax policy’s raising of the standard deduction, combined with limitations on mortgage interest and state and local tax deductions, will significantly increase the attraction of renting versus buying housing,” said Spencer Levy, CBRE’s Senior Economic Advisor and Head of Research, the Americas.

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Source: World Property Journal