IMMOVABLE PROPERTY (ACQUISITION BY 
NON-RESIDENTS) (VALUE OF IMMOVABLES) g S.L.246.04 1
SUBSIDIARY LEGISLATION 246.04
IMMOVABLE PROPERTY (ACQUISITION BY NON-
RESIDENTS) (VALUE OF IMMOVABLES) ORDER
1st January, 1999
LEGAL NOTICE 98 of 1999.
Title.
by Non-Residents) (Value of Immovables) Order.
Establishment of 
value.
Cap. 246.
2. For the purpose of paragraph ( b ) of the proviso to article
5(1) of the Immovable Property (Acquisition by Non-Residents)
Act, the value of immovable property referred to in the said
paragraph and in relation to which the Minister shall not withhold
his permission is being established at Lm 30,000 in the case of an
apartment and Lm 50,000 in the case of any other property.
For the purposes of this Order "apartment" means a
one-storey residence, howsoever called, in a vertical block of at
least two residential units overlying each other and built on a
common site.
