One of the most expensive districts was the 13th District, with average prices per square meter exceeding HUF 1.1 million.Continue reading
The electronic property register is ready to be introduced, and it will fully replace the paper-based system by December 2024, István György, the Secretary of State for Territorial Administration said on Wednesday at the closing event of the project.
The new system must be in line with the Hungarian property law, while meeting today’s requirements of legal certainty, strengthening public confidence in the land registry. István György said that electronic registration can also improve economic competitiveness by reducing administrative burdens and simplifying land procedures. He recalled that after 2010, the government reorganized public administration in a customer-friendly way, reducing bureaucracy and making the operation of offices more efficient.
E-records is one of the most important elements of this process, as the number of land procedures is in the millions every year, with the Hungarian land registry handling 19 million title deeds,”
he added.
The introduction of the electronic property register is not only justified by the security of property transactions, as the improvements will also extend electronic administration to new procedures.
The replacement of paper-based administration is also important, because even today, an average of 5,000 pages of land registers are added to the daily paper-based registers.
Sándor György Kis, Program Director of Lechner Nonprofit Ltd., said that the project’s developments are complete, and its completion will be followed by system-wide implementation, with applications gradually becoming available in the coming months. The project was carried out with nearly HUF 16 billion (EUR 42 million) in non-reimbursable EU and budget support under the Széchenyi 2020 program. The project beneficiary is the Lechner Nonprofit Ltd., a background institution of the Prime Minister’s Office dealing with spatial data registries and supporting e-government and construction. As a result of the developments, the lead time of land-related procedures, i.e. land registration, construction, land transaction, and land protection procedures, will be shortened.
Via MTI, Featured image: Facebook/Triad Homes