Acquisition of real estate by foreigners in Hungary
Foreigner legal and natural person (excluding agricultural and forestry lands) can acquire real estateownership through permission from the government departments competent in the classification ofthe location of the property. No permission is needed by the government departments if they are: Citizens of the EU, legal person or organisations without legal personality Citizens of countries that are part of the Agreement on the European Economic Arena -EEA(Norway, Liechtenstein, Iceland), organisations without…