Politics · Other · 1 day ago

Argentina’s Supreme Court provisionally restores limits on foreign land ownership

Argentina’s Supreme Court provisionally restores limits on foreign land ownership

Argentina’s Supreme Court has provisionally restored limits on foreign ownership of rural land.

The limits come from a 2011 law, which capped foreign ownership at 15% nationally and also set limits for provinces and municipalities.

President Javier Milei repealed the law by decree in 2023 as part of his effort to loosen economic rules.

The court suspended the part of his decree that removed the limits, in response to a case brought by an environmental group, Indigenous communities and a provincial legislator.

They argue that removing the restrictions could harm the environment and Indigenous peoples’ ancestral territories.

The ruling is temporary and does not decide whether their legal challenge is valid.

The limits will remain in place while a lower court considers the case.

About 5% of Argentina’s land is owned by foreigners, though some districts already exceed the former 15% limit.

Sources

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