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The current Hungarian Land Registry Act will entirely be replaced by a new Land Registry Code with effect from February 1, 2023. Hereunder we briefly introduce certain rules that might have practical effects on the legal and administrative aspects of real estate development projects being implemented in Hungary.

A number of jurisdictions provide residency or even citizenship options against certain investments. Greece was one of the last countries to introduce a similar offering. An EU member state as well as a country of the Schengen area, Greece embodies the rule of law and the democratic principles of Western democracies, all in idyllic surroundings.

Real estate is responsible for around 40% of global greenhouse gas emissions. Given the industry’s high impact, a comprehensive decarbonization strategy is essential. As environmentally conscious investors and tenants focus on zero-carbon buildings, green building ecosystems and life-cycle assessments become necessary. Accordingly, green building certification processes are needed to ensure that habitats are environmentally sustainable. These certification processes assess many building components, from ventilation systems to insulation materials, for their impact on human and environmental health.

New amendments to Law No. 422/2001 on the protection of historic monuments (Law 422) were posted for discussions on the website of the Ministry of Culture, on January 12, 2022, in the shape of a Government Ordinance (Bill) intended to amend and supplement Law 422. Any suggestions or opinions should have been submitted no later than January 24.

The trend towards ESG issues has increased markedly on the Slovakian commercial real estate market. More and more Slovak companies are behaving responsibly and sustainably – under pressure from tenants, employees, contractors, customers, regulators, and investors who involve ESG in their decision-making.

Montenegro is a small mountainous country located in Southeastern Europe, on the Balkan Peninsula, with a coastline on the Adriatic Sea, and with a specific real estate market that offers something for everyone’s pocket.

Since 2009 the Republic of Serbia has undergone major legislative changes aiming to simplify the process for issuing construction permits and to establish private ownership over land as an exclusive property right, replacing the permanent use right and the long-term lease, which are relics of the communist regime. Depending on the circumstances pertinent to the holder of the title, the conversion of the permanent land use and long-term lease rights into private ownership may be performed either free of charge or for a fee.

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