Summary

The disproportionately large number of statutory amendments (tightening the rules, bringing the provisions into line with bilateral treaties, and loosening the rules) means BewG has become a “patchwork” statutory instrument.

The subject of restricted real estate acquisition is relatively complex and calls for a systematic approach, i.e. the clarification of nationality, place of residence, utilisation of the property and future intended purpose.

Ideally, associated decision-making should be based on the following checklist:

Further information on Definition