Economic openness in countries differs between liberal, open economies which usually allow land ownership by foreigners and limited, closed-to-foreigners economies which include restrictions of land ownership by foreigners. The general arguments for establishing such restrictions (limits) are political, social, economic, and cultural interests, however these are overall reasons. The assignment of this paper is to research these arguments more thoroughly by analysing writings on these subjects and to create a frequency table reflecting the findings. To accomplish this, the main question to be answered is: what are the main arguments used to restrict international real property transactions or alien, i.e. foreign, land ownership? Materials used: 24 scientific papers to carry out qualitative content analysis, and additional pertinent bibliographies.