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Are foreigners allowed to own property in Turkmenistan?

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When we asked expats in Turkmenistan if foreigners are allowed to own property, they answered...

"Foreigners are not allowed to own property in Turkmenistan. The country's laws do not permit foreign individuals or companies to purchase or own land or real estate. However, foreign companies may lease land or real estate for up to 50 years. Foreigners may also own movable property such as cars, furniture, and other items," explained one expat living in Turkmenistan.

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Are foreigners allowed to own property in Turkmenistan?

If you live in Turkmenistan, newcomers to Turkmenistan would love to hear your answer to this question:

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