Real Estate in Hungary

Hungary is one of the countries of Central Europe, which is famous for its thermal springs. It is the place of curative air, mild climate and friendly people, which can’t but influence your decision to buy real estate in Hungary.

The most popular city in terms of buying real estate is Budapest. Hungarian capital is renowned for its beauty. The prices for real estate are lower in comparison with France or England. One-room flat would cost you 42 thousand EUR, whereas the price for a two-room one is about 127 thousand at primary market.

The second most popular place in terms of buying real estate in Hungary is the region of the lake Balaton, where tourists have fun from June to August. This way one can make money by leasing houses out. One-room flat in this region would cost about 45 thousand EUR, the price for a small house is about 100 thousand EUR. Sure the description wouldn’t be complete without Transdanubia with its castles, lakes and forests.
Architects and engineers of the real estate in Hungary are known as the best in the world, they prove their high status by winning various international contests.

For the formalization of the real estate, in case you are not a citizen of the European Union, one is required to get a permit. The procedure can take about two months. One natural person can buy only one object of real estate, a number of houses or flats can be bought by a legal body confirm in Hungary.

Besides this a foreigner, who wants to buy real estate in Hungary, is to pay state tax unless you buy a primary estate.
After completing the deal to be sure that you own a flat or house legally, one is required to get a document of beneficially owned property and register it in the government register.