Decree No.7 of 1996 (I.18.) of the Government on the acquisition of real estate by foreign nationals.
Resource information
Resource Language
ISBN / Resource ID
LEX-FAOC015757
License of the resource
Copyright details
© FAO. FAO is committed to making its content freely available and encourages the use, reproduction and dissemination of the text, multimedia and data presented. Except where otherwise indicated, content may be copied, printed and downloaded for private study, research and teaching purposes, and for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO's endorsement of users' views, products or services is not stated or implied in any way.
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.
Implements: Act LV of 1994 on Arable Land. (2013-04-04)
