Problem

Alienation of land through acquisition by foreigners

Nature:

In countries with areas of great natural beauty, beaches, a pleasant climate, or a pleasant local culture, land or buildings may be purchased by foreigners. These acquisitions may then be exploited in a manner which prevents residents of the country from deriving benefit from them.

Incidence:

Examples include: purchase of land on the shores of Lake Muskoka in Canada by American citizens, denying access of locals to the lake; purchase of high country land in New Zealand by US nationals, together with fishing and shooting rights. Some 3% of Swiss real estate is owned by foreigners.

Related UN Sustainable Development Goals:
GOAL 10: Reduced InequalityGOAL 11: Sustainable Cities and CommunitiesGOAL 15: Life on LandGOAL 16: Peace and Justice Strong Institutions
Problem Type:
E: Emanations of other problems
Date of last update
22.10.2019 – 19:33 CEST