Argentina’s Supreme Court on Tuesday (September 29) backed President Javier Milei’s move and lifted restrictions on foreigners buying land. The decision, aimed at attracting investment, has sparked controversy, with trade unions and environmentalists opposing it.
Soon after taking office in 2023, Milei lifted the restrictions on foreign land ownership. Previously, foreigners could own at most 15 percent of the country’s land.
Opposition parties and environmental groups have strongly opposed the move from the start, holding protests through the summer with banners reading “The country is not for sale”.
Constitutional lawyer Andrés Gil Domínguez wrote on X that Tuesday’s ruling means any foreign individual, company or state can buy as much rural land as it likes, with no limit even in border areas.
According to a 2025 report by the University of Buenos Aires and other researchers, about 5 percent of Argentina’s territory is currently foreign-owned, an area roughly the size of England.
But the researchers note that in some parts of the country, foreign-owned land already exceeds the 15 percent limit, especially in areas rich in water and minerals or with strategic transport facilities such as ports.
বাংলায় মূল প্রতিবেদন পড়ুন · Read the original Bengali report