Lot of countries prevent foreign persons or institutions to own real estate for 100%. There has to be a local partner who owns the place for at least 50.1% This

Lot of countries prevent foreign persons or institutions to own real estate for 100%. There has to be a local partner who owns the place for at least 50.1% This is much more effective than adding a law which can never cover all edge cases. And there are a lot of those which make it possible to buy property anyway even with the new law in place.