7 August 2019
Since 30 April 2016, the possibility of selling agricultural land without restriction has been cut short, due to amendment of the Act on the Agricultural System of 11 April 2003 (the "Act"). The cases in which transactions involving agricultural land can take place, exemptions and exceptions to those cases, bring the application of the Act complicated and give rise to many doubts. The paralysis that hit the agricultural properties market has induced the government to reflect on its position and slightly moderate its policy in this regard.
Acquisition of agricultural real property only for the determined