Movement around the mall stop: the regulation regulating the retail real estate market may be amended
A draft amendment has been published for Hungary’s Government Decree 143/2018 (VIII. 13.), commonly known as the “plázastop” regulation. The proposed changes could significantly impact the use of commercial properties—including retail units in shopping centers and hypermarkets, such as those operated by members of the Hungarian Shopping Centers Association (MBSZ)—and may reshape the broader landscape of the country’s retail real estate market – Pénzcentrum points this oout.
As a leading representative body of the industry, the MBSZ has immediately placed the draft on its agenda. The association has begun analyzing the proposed modifications and assessing their practical implications. Member companies, in collaboration with external experts, are working together to formulate well-founded professional feedback and suggestions to submit to the legislator.
In its official communication, the MBSZ emphasized that its goal goes beyond refining the regulation—it aims to ensure that the regulatory environment supports the long-term development of Hungary’s retail sector, helps preserve jobs, and safeguards international competitiveness.
The MBSZ is committed to transparent and constructive dialogue and is seeking close cooperation with decision-makers and partner organizations. The association hopes that through meaningful consultation, a balanced outcome can be achieved that benefits investors, consumers, and the broader Hungarian economy.
The announcement of the draft amendment has reignited public and industry debate over the plázastop regulation, which has long been a contentious topic in Hungarian commercial development. While details of the draft remain scarce according to many market players, the proposed changes could significantly affect current and future tenants, developers, and operators alike.
The MBSZ’s proposed recommendations aim to contribute to the government’s economic stimulation efforts by fostering a predictable and development-friendly environment in the retail real estate sector. In the coming weeks, discussions and consultations will play a key role in shaping the future of Hungary’s shopping centers.
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