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Argentina is looking to lift the Foreign Farm Land Law restrictions

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Argentina is looking to update or remove the restrictive Foreign Land Law restrictions that have frozen the Real Estate Market The new business-friendly Argentine Government is working on draft legislation to make positive changes to the land law, enacted in 2011, which since being  introduced has produced severe and ambiguous restrictions on the sale of land to foreigners. According to Martin Borrelli, the Undersecretary of Registration Affairs of the Ministry of Justice and Human Rights, the  body where…

Why the Farm Land Restrictions in Argentina have frozen the market

In 2011 the National Register of Rural Lands or RNTR  took on the massive task of surveying the cadastral registers of the 23 Argentine provinces in order to determine the amount of land owned by foreign citizens and companies in every district in the country. Ley N° 26.737 de Protección al Dominio Nacional sobre la Propiedad, Posesión o Tenencia de Tierras Rurales, which is known in Spanish as  “Ley de Tierras”, is regulated by law  Decreto 274/2012. At that time the president announced…