Published: November 30 2023
Budapest is set to launch a fully electronic property administration system by December 2024, replacing the existing paper-based system. This move aims to improve legal certainty, streamline land procedures, and reduce administrative burdens.
Benefits of the electronic property register
The introduction of the electronic property register will enhance the security of property transactions and strengthen public confidence in the land registry. Additionally, it will improve economic competitiveness by reducing bureaucracy and making land procedures more efficient.
Implementation and timeline
The project for developing the electronic property register has been completed, and the system-wide implementation will begin soon. Applications will gradually become available in the coming months. The project was funded with nearly HUF 16 billion from the Széchenyi 2020 program.
Shortened lead time for land-related procedures
Once implemented, the electronic property register will significantly shorten the lead time for land-related procedures, including land registration, construction, land transaction, and land protection procedures.
Conclusion
The introduction of a fully electronic property administration system in Budapest is a significant step towards modernizing the land registry and improving the efficiency of land procedures. This move will benefit both individuals and businesses by reducing administrative burdens and ensuring a more secure and streamlined property transaction process.
Questions & Answers
What is the electronic property administration system in Budapest? The electronic property administration system in Budapest is a fully electronic property register that will replace the paper-based system by December 2024.
Why is the electronic property administration system being introduced in Budapest? The introduction of the electronic property administration system is justified by the need to improve security and efficiency in property transactions, reduce administrative burdens, simplify land procedures, and strengthen public confidence in the land registry.
When will the electronic property administration system be fully implemented in Budapest? The electronic property administration system will be fully implemented in Budapest by December 2024.
What are the benefits of the electronic property administration system in Budapest? The electronic property administration system will shorten the lead time of land-related procedures, such as land registration, construction, land transaction, and land protection procedures. It will also improve economic competitiveness by reducing administrative burdens and simplifying land procedures.
Who is responsible for the implementation of the electronic property administration system in Budapest? The implementation of the electronic property administration system in Budapest is being carried out by Lechner Nonprofit Ltd., a background institution of the Prime Minister's Office dealing with spatial data registries and supporting e-government and construction.
How was the electronic property administration system in Budapest funded? The electronic property administration system in Budapest was funded with nearly HUF 16 billion (EUR 42 million) in non-reimbursable EU and budget support under the Széchenyi 2020 program.
When will applications for the electronic property administration system become available in Budapest? Applications for the electronic property administration system will gradually become available in the coming months after the completion of the project's developments.
