Financialization of housing and the right to adequate housing 2017, para. 70
Párrafo
Paragraph text
A number of States, including Austria, China, the Philippines, Thailand and Viet Nam, have instituted restrictions on foreign purchasers of residential real estate. The province of British Columbia in Canada has introduced a 15 per cent foreign homeowner tax. The City of Vancouver recently approved a 1 per cent tax, which would apply to both foreign and domestic investors, on vacant homes in order to address the issue of approximately 20,000 vacant homes in its overheated speculative housing market. Net revenue from those taxes is to be invested in affordable housing initiatives.
Condicón jurídica
Non-negotiated soft law
Organismo
Special Rapporteur on adequate housing as a component of the right to an adequate standard of living
Tipo de documento
Special Procedures' report
Medio de adopción
N.A.
Temas
Economic Rights
Personas afectadas
N.A.
Año
2017
Tipo de párrafo
Other
Reference
SR Housing, Report to the HRC (2017), A/HRC/34/51, para. 70.