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Parliament passes legislation to restrict foreign ownership of real estate in the Faroe Islands

A bill has been passed in the Faroese parliament the Løgting to curb the ability of non-resident foreigners to buy up property in the Faroe Islands. The ability of foreigners to purchase real estate in the islands has thus been restricted by law. During his Ólavsøka address to the Faroese parliament in July 2020, Prime Minister Bárður á Steig Nielsen...