OBS_VALUE: Agricultural land cannot be owned by foreign nationals. Furthermore, the acquisition of real estate by foreigners is subject to a permit issued by the competent government office which can be refused to foreigners if their country of nationality does not grant the same treatment to Hungarians by virtue of a treaty or based on the principle of reciprocity. Moreover, in order to obtain a permit to acquire real estate, foreign entities must be established in Hungary through a branch office or a commercial representative. 