Interior Minister Reverses Foreigner Property Rights Act Skip to content

Interior Minister Reverses Foreigner Property Rights Act

Minister for the Interior Hanna Birna Kristjánsdóttir reversed an act introduced by her predecessor Ögmundur Jónasson on Thursday, that EEA citizens require a special permit to buy properties in Iceland. Henceforth, they neither have to have residency nor employment in Iceland to buy properties.

centralrvk_psPhoto: Páll Stefánsson/Iceland Review.

Hanna believes that the regulation which took effect last April does not coincide with the rights and obligations Icelanders are party to through the EEA agreement, stating the regulation was “in a gray area,” mbl.is reports.

The minister intends to further review regulations on foreign property rights.

Ögmundur told Fréttablaðið that he was surprised by the move, “Not because the current interior minister has this view but rather because of how it was done. It’s customary to introduce new regulations before they take effect. Now we hear about them in the news.”

Related:

05.05.2013 | Laws on Foreign Property Rights in Iceland Tightened

ESA

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