Buying Property in Greenland: Guide for Foreigners

Are you considering buying property in Greenland? If so, you’re not alone. The natural beauty of this Arctic country has captivated travelers for years. And while owning a piece of land here may sound like a dream come true, it’s important to understand the regulations around foreign property ownership in Greenland. 

Can Foreigners Buy Property in Greenland?

The short answer is yes, foreigners are allowed to own property in Greenland. However, there are some restrictions and regulations you should be aware of. As a non-citizen, you must obtain permission from the Greenlandic government to own property on the island. This is done through an application process that involves working with a real estate agent and submitting documentation proving your ability to fund the purchase.

In recent years, the Greenlandic government has made efforts to encourage foreign investment in the country, including the real estate market. Foreigners are allowed to purchase property, including land, houses, and apartments, in most areas of Greenland. However, there are some restrictions on foreign ownership in certain parts of the country. It’s important to research the specific region where you’re interested in buying and understand any restrictions that may apply.

The Process of Buying Property in Greenland as a Foreigner

Before you start looking for property in Greenland, it’s important to understand the process of buying property as a foreigner. Here are the general steps that you’ll need to follow:

1. Find a real estate agent

The first step to buying property in Greenland is to find a reputable real estate agent who can help you with the application process and guide you through the local regulations. It’s important to choose a real estate agent who is licensed and experienced in working with foreign buyers.

2. Apply for permission to purchase property

Once you’ve found a property you’re interested in, you’ll need to apply for permission from the Greenlandic government to purchase the property. This involves submitting documentation to the authorities, including your financial situation and your plans for the property. The application process can take several months, so be prepared to wait for a decision.

3. Complete the purchase

Once your application has been approved, you can complete the purchase of the property. This will involve signing a purchase agreement, paying the deposit, and arranging financing if necessary. The final step is registering the property with the Greenlandic authorities. 

Things to Consider Before Buying Property in Greenland

Before you start the process of buying property in Greenland, there are a few things you should consider. Firstly, the climate in Greenland can be harsh, especially in the winter months. You’ll need to be prepared for long periods of darkness and extreme cold. Additionally, the cost of living in Greenland is high, so you’ll need to budget accordingly. 

It’s also important to understand the local culture and customs before investing in property in Greenland. The country is home to a small and unique population, and it’s essential to be respectful of their traditions and way of life. 

Conclusion

As you can see, owning property in Greenland as a foreigner is possible, but it requires a significant amount of research and preparation. By working with a reputable real estate agent and understanding the local regulations and customs, you can make your dream of owning property in this stunning Arctic country a reality.