Hungary is preparing legislation that would restrict land ownership from 2014, when foreigners will become eligible to buy farmland, Magyar Hirlap reported, citing an interview with Rural Development Minister Sandor Fazekas.
“The most important is that only local farmers can be owners” of the land, Fazekas told the newspaper, according to a transcript of the interview published today.
Legal entities will be barred from owning land while authorities will be able to “block, by the use of indirect tools such as the system of issuing permits, the acquisition of Hungarian land by those who aren’t eligible,” according to Magyar Hirlap.
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