Property
Registration at the district commissioner with limits on foreign ownership
Real-estate transfers are registered with the district commissioner (sýslumaður). Ownership of land by non-EEA nationals is restricted and generally requires ministerial permission.
Key rules
- Deeds are registered with the district commissioner to bind third parties.
- Non-EEA nationals generally need ministry permission to own real estate.
- A stamp duty applies to registered transfers.
Governing law
- Act on the Right of Ownership and Use of Real Property
In practice
Restrictions on foreign land ownership have tightened after high-profile purchases of large rural estates, so non-EEA buyers should check current permission rules.