Metro East REIA
- Oct 8, 2020
- 1 min read

Buyers Fleeing High-Tax States Flocking to Puerto Rico

The Wall Street Journal (reposted on Realtor.com) says lower taxes are among the reasons why wealthy buyers from high-tax states like California & New York are buying homes in Puerto Rico where luxury developers are reporting that business is brisk. According to the WSJ, sales of Puerto Rican luxury houses and condominiums have been spiking during the Coronavirus pandemic with developers reporting increasing sales volume & prices compared with 2019. Continue reading HERE...

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