Brazil may ease ban on land acquisition by foreigners
Move aimed at boosting investment in agriculture and forestry as economy contracts in commodity slump
Brasilia
BRAZIL is looking at easing restrictions on the acquisition of land by foreigners to boost investment in agriculture and forestry as Latin America's biggest economy heads towards its worst year since 1992.
An effective prohibition on selling land to foreign individuals and companies has been in place since 2010 when Brazil's attorney-general published a narrow interpretation of a 1971 law meant to defend the country's sovereignty. Katia Abreu, Brazil's first female agriculture minister and outspoken defender of agribusiness, said on Monday that the restriction limits investment and needs to be revisited.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Luxury private home rents jump in Q1 amid wider market slump: Huttons Asia
Evictions surge in Arizona with housing shortage and rising prices
China property shares firm after Politburo highlights clearing inventory
Dubai billionaire’s children plan to revive troubled world islands
UK commercial real estate lending plunges to lowest in a decade
Hybrid, flexible working set to curb Singapore office usage and rents