CONSTITUTION OF THE REPUBLIC OF ICELAND
(No. 33, 17 June 1944, as amended 30 May 1984 and 31 May 1991)
Source :http://www.urich.edu/~jpjones/confinder/Iceland2.htm
VII.
Article 68
No foreign national may acquire nationality except by law.
The entitlement of foreign nationals to hold rights to real estate in the country shall be determined by law.