Change in law to start avalanche of foreign investment in Brazil land

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.