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Change in law to start avalanche of foreign investment in Brazil land
Published Sun, Jul 24, 2016 · 09:50 PM
Sao Paulo
THE imminent lifting of Brazil's limits on foreign land ownership is expected to unleash investments, principally by large funds in search of long- term returns, and reignite a slice of the stagnant real estate market.
The government of ex-president Luiz Inacio Lula da Silva shocked investors in 2010 when he put the brakes on foreigners' purchase of large pieces of agricultural land.
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