Here’s how to buy a second home, investment property in Greenland

There’s “no going back” on Greenland, according to President Donald Trump, who has called for the United States to take control of the world’s largest island.

Just hours before joining world leaders at the World Economic Forum in Davos, Switzerland, Trump doubled down on Truth Social, declaring that “Greenland is imperative for National and World Security.”

He even went so far as to post private text exchanges with Norwegian Prime Minister Jonas Støre, French President Emmanuel Macron, and NATO Secretary-General Mark Rutte, in which the leaders appeared to express hope for a path forward on Greenland that wouldn’t escalate tensions.

While no formal announcement has been made, the chatter suggests that Greenland will be a focus of the leaders’ conversations in the days ahead.

The possibility of an announcement regarding the island has some real estate investors wondering: Can Americans buy property on Greenland?

The short answer is sometimes, but not in the way most Americans think of when they say “buy a house.”

First and foremost, Greenland has made it clear it isn’t for sale.

“Greenland belongs to its people,” a joint statement from European leaders, including Danish Prime Minister Mette Frederiksen, put bluntly.

The autonomous territory is governed by the Kingdom of Denmark and is home to a majority (88%) indigenous population, according to the International Work Group for Indigenous Affairs.

Snow-covered houses line a hillside in Nuuk, Greenland, as warm evening light hits the neighborhood on Jan. 20, 2026. AFP via Getty Images

Locals made their desires clear in a protest over the weekend, when hundreds braved freezing temperatures bearing Greenland flags and homemade signs with slogans like “No means no,” “Greenland Is Already Great” and “Yankee, go home!”

For another, Greenland’s legal and political systems treat homeownership very differently from American law, making real estate there a fundamentally different investment.

That hasn’t stopped the curiosity. With its dramatic landscapes and rising strategic value, Greenland is attracting attention from would-be second-home buyers and geopolitical watchers alike.

Here’s what you need to know about buying property on Greenland: What’s possible, what’s off-limits, and what might surprise Americans who assume Greenland works like a US housing market.

You can own a home but not the land

Greenland doesn’t allow private land ownership. Instead, all land is held in common and managed by local municipalities.

If you want to build or buy a home, you must apply for a site allotment, which gives you the right to use a specific plot for a particular purpose (e.g., residential, commercial, storage).

These allotments are typically indefinite and can be transferred, with government approval, when a home is sold.

Houses are pictured along the coastline with snow-covered mountains in the background in Nuuk, Greenland, on Jan. 20, 2026. AFP via Getty Images

However, they can’t be bought, sold, or mortgaged independently of the structure they’re attached to.

In other words, you’re buying the building, not the ground beneath it.

New restrictions limit who can buy

In response to growing international interest in the island, Greenland has tightened its rules on who can purchase property or receive a site allotment. 

Now, only individuals with Danish citizenship or those who have lived in Greenland for at least two years and paid taxes there are eligible to acquire real estate or apply for land-use rights.

That doesn’t mean that there aren’t exceptions, though.

Foreign individuals and companies may apply for a special exemption, but approvals are evaluated case by case, based on the buyer’s ties to Greenland and impact on the local housing market.

A tight market means investment options are limited

Even before the new restrictions, Greenland’s housing market was tough to break into. In cities like Nuuk, rental properties are in short supply, with long waitlists. Much of the housing stock is tied to public-sector employment or provided through government housing agencies.

While private ownership is growing, particularly through government-supported programs that help tenants become homeowners, it’s not a fast-moving or easily accessible market even for locals. And for investors, it’s even harder.

Greenland’s government is wary of speculators

Officials in Greenland have made it clear: Recent moves by foreign governments and influencers to woo the island have only reinforced the desire to protect local markets from external influence.

Greenland’s Minister for Infrastructure and Housing, Hans Peter Poulsen, has pointed directly to rising international interest from the US as the catalyst for the rule change.

With new international airports opening in Nuuk and Ilulissat, Greenland is bracing for more attention and working to keep control of its housing market.

While the government allows for exemption applications from foreigners, the message is clear: Investment is welcome only when it supports local needs and respects national priorities.

You’ll need government approval, even to build a deck

Let’s say that you do secure a site allotment. Buying a second home in Greenland isn’t just about financing and floor plans; it’s a game of permits. 

Even modest upgrades to an existing property, like building a carport or changing a building’s use, require approval from local area authorities.

And if you’re purchasing a home without existing infrastructure (water, sewer, satellite), you’ll need to apply for site-specific permissions before making any changes.

All applications for site allotments or modifications go through the local municipality, and many processes are available online through tools like NunaGis, Greenland’s public land and zoning portal.

Can you profit from property in Greenland?

From an investment standpoint, Greenland offers more symbolic value than a clear profit path.

Rental yields are difficult to assess due to the public housing system and restricted short-term market. And with land ownership off the table, traditional real estate investing strategies don’t easily apply.

That said, there are examples of compensation for use-rights and structures being recognized in court.

The Greenland flag is seen through a window of a house as a person walks along a snow-covered street in Nuuk, Greenland, on Jan. 20, 2026. AFP via Getty Images

In one recent expropriation case tied to Nuuk airport expansion, Greenland’s compensation committee awarded a business owner payment based on lost rental income, even though the land itself wasn’t privately owned.

Translation: Buildings and operations can have economic value, even if the land doesn’t.

Should you invest in Greenland property?

Buying a second home or investment property in Greenland is technically possible, but you’ll need patience, government cooperation, and a deep understanding of the country’s unique legal framework.

This isn’t a quick-flip market. It’s a long-game opportunity, perhaps best suited for buyers who want a foothold in one of the world’s most climate-sensitive regions. 

As Greenland navigates its post-colonial future and potential path toward independence, real estate is likely to remain tightly controlled and deeply tied to national priorities.

If you’re still interested, start with a visit. Just bring a parka and a healthy respect for local protocol.