The Greenland Parliament has passed a law limiting foreigners' right to own property on the island. The new rules are aimed at protecting local interests and controlling land resources. The law imposes stricter requirements for foreign buyers, including the need for special permission. Authorities believe this will help prevent speculation and keep land for Greenlanders. The law has sparked discussion among investors but was supported by the majority of MPs.
Greenland Limits Foreign Property Ownership
Greenland's parliament passes a new law imposing stricter requirements on foreign property buyers to protect local interests and prevent speculation.