Buying a real estate at a world heritage site? Tha state may overtake you!

January 16, 2018

The Government Decree no. 455/2017. (XII.27.) entered into force on the 27 of December, 2017 grants pre-emptive rights in favour of the Hungarian State in respect of some ten thousand real estates located at world heritage sites.
How do you know where these sites are? What does it even mean that the State has a pre-emptive right on the real estates listed on 1824 pages in the annex to the Government Decree? And what needs to be done for an owner who wishes to sell a real estate? You may find our answers in Hungarian in our blog entry.
If you are interested in this topic please contact us for more information in English.