Land market in Hungary
2003
J. Popp | M. Stauder
In Hungary, after the political and economical transition period of the nineties, the transformation of agriculture, the privatisation and the partial compensation brought about fundamental change in the land ownership structure. Recently, the private ownership of land has become dominant. As a result of the land compensation and the restoration of individual shares of the co-operatives members, unfavourable farm structures were established in a great number of cases; and consequently the redistribution of land property has become indispensable. The revival of the market is hold up, on one hand, by the present legislation of land acquisition (by Hungarian legal entities and foreigners) and, on the other hand, by the repugnance of the land acquisition of foreigners by a great number of people. The political risks, the EU accession and the changes to be expected concerning the EU subsidy schemes might also affect the land market in the long-term.
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