NPL&REO News

Brazil Government supports foreign land purchases

Brazil’s land issues secretary within the Agriculture Ministry said that the government offers its support for foreign investors interested in buying land in Brazil, a practice which is currently prohibited.

A change to the law to allow foreigners to directly purchase land would require Congressional approval, Secretary Nabhan Garcia told reporters.

Original story: Reuters | Jack Spring and Anthony Boadle
Photo: FreeImages/ Marcel Krings
Edition: Prime Yield

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