DeSantis may ban Chinese entities from buying property in Florida

By Jen Krausz on
 January 18, 2023

In order to reduce the influence of China on his state, Florida Governor Ron DeSantis (R) is considering a ban on Chinese entities purchasing property in the state.

“We don’t want to have holdings [in Florida] by hostile nations," he said. If you look at the Chinese communist Party, they’ve been very active gobbling up land … and when they have interests that are opposed to ours and we see how they have wielded their authority especially with President Xi [Jinping], who’s taken a much more M"arxist-Leninist turn, that is not in the best interest of Florida to have the Chinese Communist Party owning farm land, owning land close to military bases.”

Foreign buyers purchased 24% of real estate in Florida, the highest of any state. Nationwide, 6% of property is purchased by Chinese entities.

The legislature in Florida will also be discussing the matter in March when it reconvenes.

"We do not need to have CCP influence in Florida’s economy,” DeSantis said.

He also wants to limit Chinese influence over schools and universities in the state.