When Act 22, the Individual Investors Act, was enacted in 2012, it instantly made Puerto Rico an attractive location for not only high net individuals, but empty-nesters and retirees looking to defer all their income tax and capital gains taxes for several years. Nearly 10 years later it’s impossible to think that Act 22 hasn’t had some sort of drastic effect on the real estate there. Jack Russo asks Rita Pellens of Sotheby’s international Puerto Rico about the increasing demand for homes in Puerto Rico and the impact it has had on this little island.