Real Estate Insider

The CERHA HEMPEL Real Estate Insider provides an insight to the real estate industry in Austria and CEE. Besides reviews on case-law and legal developments, the Real Estate Insider covers all aspects affecting the industry including market trends and insights, project and deal reviews, reviews on political and legislative developments, reports on events etc. As one of the leading real estate practices in Austria and CEE, our team is fluent in advising clients on all aspects of real estate law from cross border portfolio transactions to building organizer projects to rental agreements and constructions matters, you name it.

No obligation to pay rent for useless business premises during the lockdown

In its judgement 3 Ob 78/12y of 21 October 2021, the Austrian Supreme Court dealt for the first - but probably not for the last - time with the question of rent reduction during lockdown. With regard to a complete nonusability of business premises due to officially ordered prohibition of access, a first fundamental decision is now at hand.

Amendment of concurrent building design and construction regulations in Belarus

On 4 September 2021, the new Regulations on Concurrent Building Design and Construction (the "Regulations") approved by Resolution of the Council of Ministers of the Republic of Belarus No. 486 dated 27 August 2021 came into force.

News about buying apartments in Budapest – what to expect in light of the latest changes to the residential real estate market

There have been several changes to the Hungarian real estate market recently, particularly in relation to apartments in Budapest.

Real Estate trends in Bulgaria: Transformation of urban industrial areas

Despite the pandemic, the real estate investment sector in Bulgaria remains dynamic. While the interest in suburban housing and second homes has certainly risen as a reaction to the restrictions introduced in relation to the pandemic, urban real estate investments remain the focus of larger investors as demand continues to rise.

Private Accomodation in Hungary – NEW RESTRICTIONS ON THE HORIZON

Since the general restrictions were launched back in 2020, no new regulation has been introduced in Hungary with respect to limiting private accommodation services, including Airbnbs.

Condominium Amendment Act 2022

After almost 20 years, the Condominium Act (Wohnungseigentumsgesetz) is being amended again. It is clear from the ministerial draft that the focus of the amendment, which is due to enter into force on 1 January 2022, is placed entirely on climate protection.

Overview of the Romanian real estate market during the pandemic

The evolution of the real estate market in Romania has been quite unexpected in 2020 and at the beginning of 2021, also taking into consideration the connections between this sector and other industries.

House-building bonds discontinued in Belarus

On 4 May 2021, the President of the Republic of Belarus adopted Edict No. 176 On House-Building Bonds (the "Edict"). The Edict has banned any new issue of house-building bonds in Belarus. In fact, the Edict discontinues the circulation of house-building bonds that started in 2009.

Update: Taxonomy - final version of the Delegated Regulation published

The final version from 04.06.2021 of the Delegated Regulation based on the Taxonomy Regulation (Regulation (EU) 2020/852) was published in all official EU languages on 08.06.2021.

Interpretative judgment of the Bulgarian Supreme Court on certain aspects of mortgage renewals

In March 2021, the Bulgarian Supreme Court issued an interpretative decision in case 3/2018 (the "Decision") that sheds light on the legal effects of the deletion of a mortgage on the grounds that the 10-year validity period since its registration has expired.