Is it permissible to purchase an apartment with usufruct rights from the Housing Bank, given that the land is owned by the state and transferred through an official power of attorney at the real estate registration office?

There is no objection to the issue of buying an apartment without the land. If a person buys an apartment from a bank and pays its installments, there is no objection for him to sell it thereafter. It is permissible for the new buyer to transfer its ownership to his name. The contract for a building and trees includes the land, unless the seller stipulates or custom dictates the separation of the building or trees from the land.