Home Purchase In The USA

Home purchase in the United States¹ seems a hard way of making overseas investments. This article essentially aims at highlighting on the strong relationship between the citizenship and the exercise of the right to property and also analyzing domestic legal requirements for foreign persons² interested in buying real property within the USA.

2. Why is the right to property very important?

The right to property is guaranteed by leading international instruments including the European Convention for the Protection of Human Rights and Fundamental Freedoms.

Full Text of the Convention is available online here.

Pursuant to Article 1 of Protocol No:1, everybody is 'entitled to the peaceful enjoyment of his possessions. No one shall be deprived of his possessions except in the public interest and subject to the conditions provided for by law and by the general principles of international law'.³ Similarly, Article 17 of the Universal Declaration of Human Rights