Foreigners are prohibited to buy agricultural lands in Hungary

Foreigners are prohibited to buy agricultural lands in Hungary

InHungary"historic amendment" to the Constitution is launched. From now on foreign citizens can not buy agricultural land in the country. Such prohibitions has acted temporarily inHungarysince 2003, but now have been fixed permanently.

Hungaryintends to protect their own farmers from competition from the EU, which are subsidized and subsidized loans. In the decision, the Government indicated that the amendment would protect farmers from price manipulation on the ground, which can lead to the undermining of production.

Under the new amendment to the Constitution, lands ofHungarynow are national asset and common heritage.