Naponta kérdezgetik, hogy mi lesz, mert féltik a vagyonukat

See original article

Proposed Hungarian Legislation to Restrict Property Purchases

A new bill in Hungary aims to empower municipalities to control influxes of new residents and rising real estate prices. The bill offers five options for local governments to restrict property purchases or residency registration for outsiders.

Concerns and Criticisms

Concerns exist that these restrictions might negatively impact property values and hinder access to mortgages in affected areas. Some fear property prices will drop significantly if the legislation passes.

  • Critics argue the restrictions could decrease property values.
  • Banks are considering whether to reduce lending in affected areas.

Minister Navracsics addressed these concerns, stating that while price drops are possible, the most extreme measure (a complete ban on property purchases) could be removed from the bill if necessary.

Sign up for a free account and get the following:
  • Save articles and sync them across your devices
  • Get a digest of the latest premium articles in your inbox twice a week, personalized to you (Coming soon).
  • Get access to our AI features