OWNERSHIP ISSUES OF ARABLE AREAS OWNED BY FOREIGNERS OR ENSURED BY FIRMS OR ANY OTHER CONTRACTS

Agota Kozma
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Agota Kozma: Department of Applied Economics University of Pannonia, Hungary

Perspectives of Innovation in Economics and Business (PIEB), 2010, vol. 4, issue 1, 29-31

Abstract: With this study, I want to draw the attention to an on and on appearing problem. The problem is a product of the legislation and thus the solution also ought to be provided by the legislation as soon as possible. In Hungary, the proprietary right of the areas existing in agricultural cultivation branch is protected by statutes since 1994: according to this only Hungarian citizen can be owner of agricultural areas; foreign citizen not (except if inheriting an area of this kind). Firms may acquire proprietary right on agricultural areas only if they deal with agriculture as main activity in a verifiable manner in Hungary for at least 3 years. This restriction is valid till 2011 (possibly 2014). Everyone looks for respectively hunted for the wicket-doors which, however, are associated with a number of risks.

Keywords: Areas agricultural; contracts; real estate. (search for similar items in EconPapers)
JEL-codes: K39 (search for similar items in EconPapers)
Date: 2010
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