Limitation on the ownership of foreign parties of real estate is currently regulated by Law No. 19/1966 on the ownership and use of real estate. The first legislation regarding this matter was Law No. 63/1919 on the same topic.
Um takmörkun á eignarhaldi erlendra aðila á fasteignum hér á landi gilda nú lög nr. 19/1966 um eignarrétt og afnotarétt fasteigna en fyrstu lögin sem sett voru um þessi efni voru lög nr. 63/1919 um sama efni.