At the same time as the law restricting foreign real estate transactions enters into force so does the State’s pre-emption right in real estate transactions near strategic sites. The right also applies to unseparated pieces of land or designated shares of the property. The State’s pre-emption right is not valid in the province of Åland.
The State’s pre-emption right applies only in very limited areas. The State’s pre-emption right applies to property located within, or within five hundred meters of, an area designated for the needs of the Defence Forces or the Border Guard.
In addition, the State has a pre-emptive right to property up to 1,000 meters from communication stations, radar stations, aerodromes, or sites serving the Defence Forces’ or Border Guard’s water traffic or aviation.
If the State exercises its pre-emptive right, it becomes the transferee instead of the buyer under the terms agreed in the deeds of the sale. If the property subject to the sale is located within the scope of the pre-emptive right, the right to lien on the property shall not be obtained until after the three-month period for exercising the pre-emptive right has expired or the State has stated that it will not use its pre-emptive right.