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

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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)

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Hungary became a Christian kingdom in A.D. 1000 and for many centuries served as a bulwark against Ottoman Turkish expansion in Europe. The kingdom eventually became part of the polyglot Austro-Hungarian Empire, which collapsed during World War I. The country fell under communist rule following World War II. In 1956, a revolt and an announced withdrawal from the Warsaw Pact were met with a massive military intervention by Moscow.

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