Apartments for sale in Budapest
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Apartments for sale in Budapest

  

Sunshine Estates is an internet real estate website developed to promote property in Hungary and other sunny European locales. The aim of the site is to aid prospective buyers receive information on a variety of investment opportunities across regions and borders.

We have identified a reliable network of real estate sales experts waiting to help you find the finest houses for sale in Budapest.
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Budapest Property Tips
 
  1. A Foreign investor can buy property in Hungary either as a Hungarian company or as a private individual.
    In order to buy as an individual the buyer should file a request for permission to the municipality of Budapest – requests are typically approved within 60 days for single-property purchases. The request will be approved if you buy only one apartment. If a buyer is purchasing more than one apartment, the second can be registered:
    • Under the name of a family member
    • Under a Hungarian BT company that can buy and sale with no restrictions
  2. Houses for sale in Budapest are freehold; the owners of the property are registered on the title.
  3. Costs are as follows:
    • Lawyer fees: 1% of the property cost
    • Agency fees: 3% of the property cost
    • Stamp duty
      • When buying a resale apartment this equates to 6% of the property cost
      • When buying in a new development with a sales price of up to 30,000,000 HUF (120,000 €) there is no stamp duty. If the apartment cost more then 30,000,000 HUF you will pay 6% stamp duty.
      • A company that intends to sell the property within two years time can pay only 2% stamp duty.
    • Capital gains tax of 20% of the profit from the rent and the sale - this can be deduced from your tax liability due to the taxation agreements between Hungary and other EU countries.
  4. Mortgage financing is available from Hungarian banks for up to 70% of the price of the property.
 

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Regions in Hungary : Lake Balaton Transdanubia (West Hungary)

Additional Resources
 


Budapest Travel - This site provides travel guide information about Budapest. Information about the weather, attractions, tourist and other practical information for the traveller...  
budapest-travel-guide.info
 
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