Foreign land ownership<\/p>\n
The article on land leasing and ownership by foreign residents
\nin Bali (Sunday, Sept. 3, 1995) was interesting because it
\nmirrored similar issues elsewhere. What is needed is a legal
\nprovision for long leases: leases of 40, 50 or even 99 years.
\nThis then guarantees that the family of original owners retain
\nthe title of ownership.<\/p>\n
For many decades in Ireland, foreigners could buy small
\namounts of land on a sliding scale without reference to any
\ngovernment body beyond the legal necessity of registering change
\nof ownership. A German, for instance, could buy five acres of
\nexcellent land or by degrees -- 30 acres of rock, bog and
\nheather. For larger pieces of land, a body called the Land
\nCommission considered the local implications of the sale and
\neventually either approved or forbade the purchase (or cobbled
\ntogether an acceptable compromise).<\/p>\n
The system worked well, if slowly, until Irish membership of
\nthe EU rendered it an anachronism. The percentage of Irish land
\nowned by foreigners is a tiny, tiny fraction of the nation's
\narea, even today when there are no legal impediments to foreign
\nownership of land.<\/p>\n
WILLIAM CORR<\/p>\n
Osaka, Japan<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/foreign-land-ownership-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }