Category archives for: Real Estate

Agricultural Minister pushes for land moratorium

Hungarian Agricultural Minister Sandor Fazekas (pictured) on Wednesday announced that the Government has filed an appeal at the European Commission, to extend the moratorium on the acquisition of crop land for foreign nationals in Hungary to April 30, 2014. Fazekas said the move is due to the weakening position of Hungarian farmers, who were left [...]

Property sector calls for knowledge-based initiatives

A Budapest conference on Thursday called for initiatives supporting a stable business climate for the property sector, as a recent Hungarian Statistical Office (KSH) study reported worrying trends in the Hungarian real estate industry, such as 15.7% decreasing volume of construction. According to Henrik Toth, the President of the Joint Venture Alliance’s Economic Strategy Commission, [...]

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