Argentina's Senate is reviewing changes to the Land Law that would eliminate limits on the amount of land foreign buyers can purchase [5].
The move represents a core pillar of the libertarians' agenda to liberalize property ownership. By removing restrictions, the administration aims to attract more international investment and streamline the sale of national territories.
President Karina Milei, supported by La Libertad Avanza and the government's political table, negotiated the modifications with various opposition sectors. The revised project includes the removal of foreign ownership caps and adjustments to the so-called "cold zone" regulations [1], [2].
The legislative process has been marked by volatility. The project faced three postponements before reaching the Senate floor [1], [3]. According to some reports, more than 15 different drafts of the bill circulated before the current version was presented [3].
Conflicting reports exist regarding the timing of the final vote. Some sources said the Senate would vote on the project on Thursday, July 16 [1], [3]. However, other reports said that a lack of agreement pushed the vote to August [2], [4].
If passed, the bill would secure a "half-sanction" in the upper house, moving the legislation closer to becoming law. The government sought to finalize these changes before the winter recess to maintain momentum for its economic reforms [1], [4].
“The project faced three postponements before reaching the Senate floor.”
The proposed removal of land ownership limits for foreigners signals a shift toward a more open-market approach to Argentine territory. This policy aims to integrate Argentina more deeply into global real estate and agricultural markets, though it remains a point of contention for opposition members who view land caps as a necessary tool for national sovereignty and security.
