According to plans a six-month transition period would be provided for those who concluded pocket contracts to admit to them, during which time they would be exempted from any consequences, Budai said.

However once that six-month period expires, those involved – including lawyers and notaries – can expect serious punishment, he warned.

Budai promised draconian rigour and no mercy, vowing to retrieve a considerable part of the illegally obtained areas of land.

He stressed that legislation will have to be enacted which does not run counter to EU law but which ensures that no Hungarian land is owned by foreigners.

Source: Hungary Around the Clock

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