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Decree No.7 of 1996 (I.18.) of the Government on the acquisition of real estate by foreign nationals.

Country/Territory
Hungary
Document type
Regulation
Date
1996 (2014)
Source
FAO, FAOLEX
Subject
Land & soil
Keyword
Ownership Foreign land tenure
Geographical area
Eastern Europe, Europe, Europe and Central Asia, European Union Countries
Entry into force notes
The latest consolidated version ceased to be in force on 3 October 2014.
Abstract

Foreign legal or natural persons may acquire the ownership of real estates, other than arable land or protected natural area, after obtaining the permit of the responsible public administration office of Budapest or the county. The permit has to be issued if the acquisition of ownership by foreign persons does not hurt the local government's or other public interest, and if the buyer does comply with certain requisites. The issuance of a permit may be refused if Hungarian persons are not treated equally, in this regard, to local people in the country of origin of the buyer.

Full text
Hungarian
Website
njt.hu

References - Legislation

Implements

Act LV of 1994 on Arable Land.

Legislation | Hungary | 1994 (2013)

Keyword: Agricultural land, Land tenure, Land reform, Subdivision of land, Foreign land tenure, Right of use, Lease, Ownership, Land valuation, Use restrictions, Urban land, Agricultural development, Authorization/permit, Soil conservation/soil improvement, Classification/declassification, Soil pollution/quality, Smallholders/peasants, Offences/penalties, Size

Source: FAO, FAOLEX