As a result of an amendment to the Hungarian Condominium Act, a new register for condominium officers will be set up as of 1 January 2020. The aim of the registry is to keep the data of the officers (common representatives and chairman of the administrative committee) in a national, public and electronic registry, to ensure the transparency of the operation of the condominium and the efficiency of the legal supervision of the city notary over the condominiums, and to facilitate the appropriate communication in the course of authority proceedings affecting the rights and obligations of the condominium and the community.
The amendments of the Act on the Transactions in Agricultural and Forestry Land (Land Act) entered into force on 11 January 2019.
As Mr. István Nagy, Minister of Agriculture explained in September 2018, „the undivided joint ownership paralyses the Hungarian economy, and from a competitiveness point of view it is essential to be deleted”.
The establishment and renovation of shopping centers will be governed by stricter rules according to a new regulation approved in the summer 2018. The so-called “Plázastop” (in English: Law on stopping malls) was introduced in 2012 for the purpose of preventing the spread of shopping malls.
The Hungarian Chamber of Agriculture (HCA) submitted a package of proposals to the Hungarian Parliament in June 2018 with the aim of improving the competitiveness of Hungarian agriculture.
According to a new decision of the Constitutional Court of Hungary, the right of the real estate owners to ask for compensation cannot be excluded in case a water line easement is established in favor of the state or local municipalities on the private property.