Greenland limits foreigners’ right to property

COPENHAGEN: Greenland’s parliament has adopted legislation limiting foreigners’ right to own property on the vast Arctic island, following mounting interest from US investors on the Danish territory coveted by President Donald Trump.

The text was adopted late Thursday by 21 votes, with six lawmakers abstaining.

Non-Danish citizens and foreign companies will only be allowed to buy property or land-use rights if they have been permanent residents and paid all their taxes in Greenland for the previous two years.