US EditionFinland Blocks 11 Foreign Property Deals over Security Concerns
- Finland has blocked 11 property transactions involving buyers from outside the EU and EEA due to national security risks, as announced by Defence Minister Antti H�kk�nen on October 24.
- The blocked transactions involved citizens from Russia, Israel, Kazakhstan, and Kyrgyzstan, and were intended for various uses including residential and commercial activities, according to Finland's Defence Ministry.
- These decisions are part of efforts to counter hybrid threats, according to H�kk�nen, who stated that property acquisitions posing dangers to security are rejected.
- Under the Act on the Obligation to Obtain Permission in Certain Real Estate Acquisitions, foreign buyers must apply for permission to acquire land in Finland.
12 Articles
12 Articles
The Finnish Ministry of Defense has blocked 11 real estate purchase requests from third-country nationals, citing national security concerns, Finnish public broadcaster Yle reported. Russian citizens are among those banned from purchasing.
Helsinki Times
einnews.comFinland blocks 11 foreign property deals over security concerns
Finnish defence minister Antti Häkkänen has refused 11 property purchase permits for buyers from Russia, Israel, Kazakhstan and Kyrgyzstan. The decisions cite hybrid threats to national security and supply resilience and use the 2019 property control law. The rulings are not yet final.
The applicants are from outside the EU and EEA. They are citizens of Russia, Israel, Kazakhstan and Kyrgyzstan.
Finland rejects 11 property purchase pleas by foreign nationals
The Ministry of Defence on Friday rejected 11 applications of real estate acquisitions made by buyers from outside the EU and EEA, said the ministry in a press release on Monday. The negative decisions concerned properties in Mikkeli, Pargas, Puumala, Taipalsaari, Savonlinna, Simo, Kouvola, Kolari and Tornio. The applicants had different kinds of plans for the real estate, such as business, forestry, residential and recreational use. The applic…
The Minister of Defense of Finland has refused permission to purchase real estate to citizens of Russia, Israel, Kazakhstan and Kyrgyzstan
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