Property
Ownership through a land register, with tight limits on foreign buyers
Property law follows the Austrian civil-law tradition, with ownership passing on entry in the land register (Grundbuch). Acquisition of real estate is closely restricted, particularly for non-residents and foreigners, reflecting the scarcity of land in a very small state.
Key rules
- Ownership of land transfers on entry in the land register (Grundbuch).
- Acquisition of real estate generally requires authorisation, and purchases by foreigners and non-residents are heavily restricted.
- A genuine residential need and residence in Liechtenstein are typically required to buy residential property.
Governing law
- General Civil Code (ABGB)Austrian-model civil law, as received in Liechtenstein
- Property Acquisition Act (Grundverkehrsgesetz)Restrictions on acquiring real estate
In practice
Buying property is difficult without residence and a demonstrated need, which keeps the market small and largely closed to outside investors. Transactions run through the land register with official authorisation.