SELECTION OF PROPERTY TO BUY OR RENT IN HUNGARY

SELECTION OF PROPERTY TO BUY OR RENT IN HUNGARY

Author

Prykhodko Andrii

SELECTION OF REAL ESTATE FOR PURCHASE OR RENT IN HUNGARY

Currently, many people travel, change their place of residence, place of work, study abroad, for all these purposes it is necessary to have real estate where you can live for a short or long time.

Hungary is diverse and therefore has a very large selection of various properties to buy or rent in Hungary. Therefore, based on this, each person has his own needs and is looking for the best option for himself. The most correct decision for choosing a real estate object is to contact agencies.

Rent housing in Hungary

Having arrived or just planning to move to a country like Hungary, many people are looking for suitable housing or an office for conducting business activities. Each case is individual, so the approach to each client should be individual. Therefore, you should contact our company if you need the following services:

• Viewing housing at any convenient time for the client
• An opportunity to meet with the owner of the apartment and house one-on-one, and discuss all the nuances of further renting
• Full support when concluding a lease agreement, this is the preparation of all documents
• Provision of a large number of possible options for concluding a lease agreement

Therefore, a number of factors will influence the choice of the best real estate option and the value of such real estate, including:

• Location (which city is this and where exactly in the city will the building be located)
• Area, number of rooms
• Absence or availability of furniture and necessary equipment

Regarding the term of finding such housing

This term is up to 3 days, depending on your requests and preferences

Renting real estate is widespread in Hungary. There are no restrictions for foreigners in this market. The lessor has the right to increase the rent once a year, but not more than 4%. To rent commercial real estate, you need to use the services of a real estate agency. Today, there is a decrease in the cost of renting commercial and warehouse space in Hungary.

Rent of commercial real estate

The possibility of renting commercial real estate, which is in no less demand, is also important. After all, quite often it is the business that is being moved or starting a new one, and Hungary is also an attractive place for investors.

By contacting specialists, you can receive quality services in the following areas:

• Finding the best real estate option for the development of your company
• An individual approach for each client, taking into account your goals, areas of activity
• Legal processing of documents necessary for rent
• Promptness, because we will select the best option for you in the shortest possible time

Buying a home in Hungary

Real estate in Hungary is an extraordinary opportunity and advantage for a stable life and business development, because it is an additional guarantor of obtaining a visa, credit, residence permit, etc.

Buying real estate in Hungary for citizens of non-EU countries is problematic. The agreement will require the permission of the mayor of the municipality and the district administration. If the buyer is a natural person, he does not have the opportunity to purchase agricultural land. However, if the buyer registers a commercial organization on the territory of Hungary, then all these restrictions are removed from him.

Ownership of real estate is an advantage when obtaining a residence permit, and subsequently moving to Hungary

And that is why the majority have a desire to buy housing in Hungary.

Specialists will select the best option just for you. It is worth considering that regardless of whether you choose an elite property in Hungary or a more budget option, the cost of services will be negotiable. Thus, you will get the most attractive accommodation in Europe at a good price.

Purchase of commercial real estate in Hungary

Іs a question that interests not only businessmen, but also investors who want to earn a large stable passive income.

Making a suitable purchase and selecting a suitable object is a difficult and time-consuming process that requires knowledge, time and effort.

Our real estate agencies – a company that has been providing real estate selection services in Hungary for many years – will help simplify it and make it more pleasant.

Today, for the purchase of commercial real estate, various types of commercial objects are offered, which include the following:

• warehouse buildings;
• offices;
• business centers;
• trading platforms;
• shops;
• complex buildings.

Before purchase, all these objects are checked for the presence of foreclosures, mortgages from the owner and a number of other undesirable factors. Thanks to this, buying commercial real estate is always a safe investment.

Buying land in Hungary

In order to purchase any land other than arable land, a private individual needs permission from the district council of the local municipality, and in Budapest any property purchase is subject to the approval of the Administrative Office (AOB). No restrictions apply to the property of Hungarian legal entities.

In general, yes, foreigners can own and occupy real estate and hold shares in property-owning companies, but the acquisition of real estate in Hungary by foreign legal entities and individuals (outside the EU) is subject to the approval of the competent state authority, which is more of a formal administrative procedure.

Importantly! All real estate located in Hungary is registered in the centralized land cadastre system. The basic data stored in the Land Registry (ie area, classification of use, owner details, registered encumbrances) is publicly available and reliably proves the accuracy of the information recorded (i.e. “public trust”) and as a result it protects the rights of the bona fide a buyer who bought real estate based on registered information.

Real estate taxes

The purchase of real estate is subject to property transfer tax. The general transfer tax rate is 4% of the market value of real estate. Various benefits are available to real estate agents, financial institutions and investment funds.

Transfers of immovable property are generally exempt from VAT under the VAT Act, except where (i) the seller has chosen to apply VAT (the general rate is 27%), or (ii) a development plot or new property is being sold. As regards (i) VAT is reverse chargeable ie. calculated and paid by the buyer.

Services of a real estate lawyer in Hungary

• Renting residential real estate in Hungary
• Lease of commercial real estate in Hungary
• Buying residential real estate in Hungary
• Purchase of commercial real estate in Hungary