Argentina's Supreme Court on Tuesday, 29 September, upheld President Javier Milei's move and lifted the restrictions on foreigners buying land. The decision, taken to attract investment, has caused controversy, with trade unions and environmentalists opposing it.
Soon after taking office in 2023, Milei lifted the restrictions on foreign land ownership. Before that, foreigners could own at most 15 percent of the country's land.
Constitutional lawyer Andres Gil Dominguez wrote on X that the ruling means any foreign person, foreign company or foreign state can buy any rural land it wishes, with no limit even in border areas.
According to a 2025 report by the University of Buenos Aires and other researchers, about 5 percent of Argentina's territory is now foreign-owned, an area roughly the size of England.
The researchers noted that in some regions foreign-owned land has already passed the 15 percent limit, especially where water and minerals are plentiful or where there are strategic transport links such as ports.
Opposition parties and environmental groups have opposed the move from the start, and protesters carried banners reading 'the country is not for sale'.
Source: Naya Diganta
Comments
(0)