The state acquired the right of pre-emption over the most valuable residential properties in Budapest
The state has acquired the right of pre-emption over the most valuable residential properties in Budapest, Telex writes in its article on Tuesday morning.
These are apartments with a floor area of more than 200 square meters, which are located on the banks of the Danube, in the Buda Castle District, or on Andrássy út, ie the capital of the capital.
Underlying this is the fact that in December 2017, the government enshrined in law a law to give the state a pre-emptive right over real estate in World Heritage sites.
At the time, the Prime Minister hastily indicated that flats, dwellings and farmland would not be covered by the law, they did not want the statutory goals to be sold, and the (mostly rural) properties in the World Heritage area would go into foreign hands en masse.
However, the heritage protection regulations cannot be closed this summer, and the implementation of the relationship with the law will already affect the most valuable properties in Budapest. The law was presented by Zsolt Semjén, Deputy Prime Minister, and entered into force on 29 June.
According to Telex, several property owners will be informed in the summer that the state has a pre-emptive right over a property with a floor area of more than 200 square meters. This right can be exercised by the state if the owner decides to sell. Such results, if established with the buyer, the state purchased the property from the buyer for 8 days at the agreed purchase price.
According to one opinion, it was an uncomfortable feeling to be informed of all this: nationalization and communism came to mind as he read the letter. Sellers planned an inconvenience can also be an inconvenience for the state to enter, because the pre-purchase option can make it difficult to make a sale-purchase negotiation, as the buyer may not be sure that even if the price can be determined, he can actually own the property.
The motivations of the state are not clear, but in view of the anomalies that regularly arise in connection with the real estate in Budavár, there is reason to suspect that private interests are (also) possible in the background of the case. Thus, there are possible opportunities for some owners to sell their properties above market price – and for the state to re-evaluate those more luxury categories cheaply, but they know they are valuable homes and a moon yard. (Telex)