Thursday, 24 August, 2023
To sell your Hungarian apartment, you will need a lawyer to create the contract between you and your buyer and to submit it to the land registry. You might also be required to pay a 15% personal income tax after the deal – however, this property sale tax might be reduced to zero in various cases.
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Wednesday, 24 August, 2022
If you are not a citizen of Hungary, you might need a property purchase license before you can finalize the deal – your lawyer can take care of it. After purchase, you will be required to pay property tax, which is normally 4% of the purchase price.
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Monday, 28 September, 2020
If you want to build lasting and fruitful business relationships locally, you should get familiar with basic business etiquette in Hungary. Show your respect towards your partners by being well-dressed, punctual, and polite.
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Tuesday, 6 February, 2018
Are you are planning to make a real estate investment in Hungary as a non-EU investor? Then consider complementing your investment with setting up a Hungarian company and applying for Hungarian residency.
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Monday, 3 April, 2017
Tourism in Hungary is one of the most important and fastest growing industries, amounting to 1558 billion HUF in 2016. In 2015, 15.6 million tourists have visited the country, in 2016 it was 16.8 million. One of the simplest ways to profit from this industry is buying an apartment to use as a vacation rental.
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Thursday, 8 December, 2016
As a student at Hungarian university, you have a range of accommodation options depending on your budget and your preferences. You can surely find a place to stay based on that.
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Thursday, 8 December, 2016
The rental market is booming, and many apartment owners prefer to rent to a Hungarian who they can talk to in person, and who they believe knows local customs better. The situation is even more difficult when you are trying to rent a place before arriving to Hungary: the fact that they cannot see you in person dissuades many people from signing a contract with you.
Read MoreThursday, 8 December, 2016
When deciding if you want to rent an apartment or a house or buy one, there are several questions to consider. Do you plan to spend a lot of time there? Would you also use it as your office? Would you prefer to be able to use it for a vacation rental when you are not using it yourself?
Read MoreThursday, 8 December, 2016
A great number of apartments in prime downtown locations have not been renovated for years or sometimes decades. Thus, you can buy an apartment for renovation; then renting or reselling it guarantees a great return on your investment.
Read MoreThursday, 8 December, 2016
Since more and more tourists prefer to rent an apartment rather than staying at hotels, buying a small apartment to be converted into a vacation rental is an excellent investment opportunity in Hungary.
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