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Favourable Provisions for Builders Due to Pandemic

Favourable Provisions for Builders Due to Pandemic

Hungary
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At the end of December 2020, several new regulations have been accepted to facilitate constructions due to the state of emergency. As one of the most important news, the Hungarian Government has extended the application of simple notification to the construction activities of a residential building including maximum six flats, but having a total net floor space of maximum 1,000 sqm.

In addition, a natural person client may carry out the construction activities of a new residential building or the extension of an existing residential building on the basis of simple notification for the purpose of his/her own housing without limitation of the floor space. The above provisions are in effect only until 8 February 2021.

Based on an earlier ministerial decree on the determination of the energetic characteristics of the buildings, in case of a construction of a new building receiving its occupancy permit following 31 December 2020, all such building must comply with the detailed requirements of the nearly zero-energy buildings. However, on the basis of a recent amendment to the decree, if the construction of the building has not nearly zero or better energy on the basis of a recent architectural-technical documentation and receives its occupancy permit following 31 December 2020, the building must comply with the detailed requirements of the nearly zero-energy buildings mentioned above only in case of the occupancy after 30 July 2021.

By Lidia Suveges, Attorney at law, KCG Partners Law Firm

KCG Partners at a Glance

KCG Partners is a Hungarian business law firm providing a comprehensive range of legal services to international and local clients seeking local knowledge and global perspective. The firm comprises business-minded lawyers with sector-specific expertise, creating value for clients by applying a problem-solving approach and delivering innovative solutions.

The firm has a wealth of knowledge in corporate law, M&A, projects and construction, energy, real estate, tax, employment, litigation, privacy and forensics, securitization, estate planning and capital markets.

To address clients’ regional and international concerns, the firm maintains active working relationships with other outstanding independent law firms in Central and Eastern Europe, whilst senior counsel Mr. Blaise Pásztory brings over 40 years’ of US capital market and fund management experience.

KCG Partners Law Firm is the result of the teamwork of passionate and talented lawyers guided by the same principles and sharing the same values: 

  • Our most valuable asset is our people. They are the engine of our business and the key to our success.
  • We push boundaries by looking for innovative solutions that can empower our clients to achieve greater results.
  • We place our experience, commitment and professionalism to your service.
  • We are driven by our vision to shape and lead the Hungarian legal market and become a first choice law firm in our practice areas.

Firm's website: http://www.kcgpartners.com