BUY PROPERTY IN

HUNGARY

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BUY PROPERTY IN HUNGARY

It is one of the beautiful countries that has a suitable climate for its residents and people who travel to that country. Buying property in hungary country has advantages and also has special conditions that people from non-EU countries should know about, which we have discussed further:

Advantages of buying a house and property in Hungary

Buying a house in hungary has many advantages that we have mentioned below:

Reasonable house price: The price of buying a house in Hungary is relatively reasonable compared to many other European countries. This allows you to buy a house in desirable neighborhoods at a lower cost.
Reasonable renovation costs: The energy costs of living in a property in Hungary are generally lower than in many other European countries. including the costs of electricity, gas, water and meeting daily needs.
Geographic diversity: Hungary is a country with great geographical diversity. From beautiful mountains and lakes to historic cities and big cities like Budapest, Hungary has a variety of natural and cultural attractions.
Good public facilities: Hungary has developed good public infrastructure such as public transport, healthcare and education. Big cities like Budapest have international airports and a complex public transport network.
Immigration and Visa Laws: Currently, Hungary is one of the countries that has good laws for immigration and obtaining visas for long-term stay for foreign citizens. This allows you to easily settle in Hungary and take advantage of all the opportunities this country has to offer.

Steps to purchase real estate in Hungary

To buy a house in Hungary, you have to go through some steps and it may depend on the personal situation of each person. But in general, the general steps of buying a house for non-residents in Hungary are:

Research: Before starting the home buying process, it is important to do a thorough research on the property market in Hungary. You can seek advice from online sources, local real estate agents, or other people who have experience buying property in Hungary.
Budgeting: Determining the financial budget for buying a house is very important. Consider looking at the costs associated with buying the property, legal and tax costs, and the costs of operating the home.
Finding a property: After determining the budget and type of property, look for a property in Hungary. You can use local real estate websites, real estate agents, and other similar resources.
Visiting and reviewing the property: After finding the property you are interested in, the next step is to visit the property. If possible, visit with a local real estate professional or real estate agent to learn about the physical, legal, and other aspects of the property.
Price negotiation: After determining the desired property, you can start negotiating the price and terms of purchase with the seller. Make sure all important details like price, payment terms, delivery date and other things are agreed upon.
Legal and Financial: After reaching the final agreement with the seller, start the legal and financial procedures of the purchase. There may be a need to conduct legal transactions, review property documents, and conduct financial transactions. At this stage, it is better to use the services of a lawyer specializing in real estate matters in Hungary.
Property registration: After legal and financial transactions, the next step is property registration. To register the purchased property, you must go to the local land registry office and complete the registration procedures according to Hungarian law.
Payment of relevant fees: After registering the property, you must pay the fees related to the purchase of the property. This includes the price of the property, legal fees, taxes and other transaction costs.
Delivery of the property: After paying the fees, you can receive the property in agreement with the seller. At this stage, make sure that the property is delivered according to the terms and conditions of the transaction.

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The costs of buying a property in Hungary

The costs of buying a house in Hungary may vary and depend on various factors such as geographical location, size and condition of the house, property market and other factors. In the following, we examine some of the common costs associated with buying a house in Hungary:

House purchase price: House purchase price is one of the main factors of house purchase costs. Prices vary depending on the geographical location, size and condition of the house and the property market in Hungary.
Purchase Taxes: Tax costs associated with buying a home should also be considered. Transfer tax, value added tax (VAT) and other taxes may be the responsibility of the buyer. The amount and method of calculating these taxes depends on the Hungarian tax laws.
Legal fees: In the transaction of buying a house, there are also legal fees related to lawyers and legal advisors. These fees vary depending on the amount of legal services required and how the fee is defined by the lawyer.
Registration and document costs: To register the property purchased in Hungary, there may be costs related to document registration and translation.
Real estate costs: In addition to the cost of buying a house, there may be other costs such as real estate commissions, costs related to the technical and organizational review of the property, insurance costs and maintenance costs.
Bank transaction fees: If you use banking services for international money transfer, you may be responsible for bank transaction fees. These fees vary depending on the bank you work with and the type of transaction.

The best cities in Hungary to buy a property or apartment

Hungary is a country with a lot of urban diversity and different cities that you can consider for buying a house. Choosing the best city to buy a home depends on various factors such as your goals, preferred lifestyle, budget, geographical location and personal needs. In the following, I will introduce some famous and popular cities in Hungary:

Budapest: Budapest is the capital and largest city of Hungary. This city has dynamic urban life, rich history and culture, beautiful natural scenery and complete infrastructure. The real estate market in Budapest is diverse and you can find apartment houses and single-family houses in the city.
Debrecen: Debrecen is the second largest city in Hungary and the capital of Hungary province. This city has beautiful architecture, prestigious university and diverse culture. The property market in Debirsan is also quite active and you can find residential houses of different sizes and designs in this city.
Eger: Ivar is a historical and attractive city in Hungary. This city has Aivar Castle, palaces and other historical buildings that have great tourist attractions. The property market in Ayvar is also quite active and you can find both traditional and modern houses in this town.
Szeged: Szeged is one of the largest cities in southern Hungary and has a mild climate and many cultural activities. The property market in Szeged is also fairly active and you can find townhouses and garden houses in the city.
Pécs: Pécs is a historical and cultural city in the southwest of Hungary. This city has beautiful architecture, museums and many young men. The property market in the back is also quite active and you can find both historic and modern houses in this town.

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Documents required to buy real estate in Hungary

To buy a property in Hungary, you will need some necessary documents. Below is a list of documents usually required to buy a property in Hungary:

Passport: Your passport is required to verify your identity and register your information as a buyer.
Residence card: If you are a non-Hungarian and live in Hungary, a residence card is required. This card shows that you are in the country as a legal resident.
Birth certificate: Your birth certificate is required to verify your identity and register your information as a buyer.
Tax ID: You must get a tax ID that identifies you as a legal or natural person. This financial ID is required for financial and tax transactions.
Translation of documents: If your documents are in a language other than Hungarian, you may need to translate the documents into Hungarian. Translations must be done by a certified translator.
Bank documents: To buy a property and transfer money, you must have a bank account in Hungary. Your bank may ask you to provide information and documents such as bank history, proof of income and other financial documents.
Temporary residence permit: If you are a non-Hungarian and have a temporary residence permit, some documents related to the residence permit may also be required.
Legal documents related to the property: You must provide the documents related to the property you intend to buy, such as the title deed, sales contract and other certificates.