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Learn how to make your dream of owning a home in Hungary a reality. This comprehensive guide provides all the information you need to know about buying property in Hungary as a foreigner, including the legal process, taxes, and tips for finding the right property.
If you’re considering selling a property in Hungary without the assistance of a real estate agent, it’s important to understand the procedure and legal requirements involved. Here’s a step-by-step guide on how to sell your property on your own in Hungary: 1. Property Valuation.
Feb 22, 2024 · Real estate taxes in Hungary are paid by buyers, sellers, and owners. The annual property tax is 0%, the transfer tax starts at 4%, and the VAT is temporarily reduced to 5%. Foreigners can get a Hungary residence permit for buying property.
- Land Use
- Usufruct
- Right to Use
- Easements
- Mortgage
- Call Option
- Put Option
- Pre-Emption Right
The owner of a building built on land has the right to use the land during the life of the building.
A right to possess, use and collect income and other proceeds from a property owned by someone else.
This is similar to usufruct, but the individual can only use the property to meet his or her own needs and those of his or her relatives living in the same household.
These are granted to enable an individual to use someone else's property for a specific purpose or require the owner to refrain from certain activities. Easements include: 1. the grant of rights of way 2. the supply and drainage of water 3. the building of a cellar 4. installing pylons 5. buttressing a building etc.
The mortgagee is entitled to sell the mortgaged property in order to recover unpaid claims secured by the mortgage.
The beneficiary of the call option is entitled to purchase the property at any time within the option period on payment of the agreed purchase price.
The beneficiary of the put option is entitled to sell the property at any time within the option period for the agreed purchase price.
The beneficiary of the pre-emption right is entitled to purchase the property on the same terms and conditions as a purchase offer made by a third party.
Aug 24, 2023 · Unlike in the case of property purchase in Hungary, you do not need any special license to sell your residential property. Once you have found a buyer, you will need a lawyer to verify the deal and submit the documents to the land registry.
Aug 24, 2022 · The application fee is HUF 50,000 (ca. EUR 125), or only HUF 10,000 (ca. EUR 25) if you are a permanent resident of Hungary and you have already applied for citizenship. The procedure takes 15-30 days. Documents you need to get your property purchase license.
People also ask
What documents do I need to buy a property in Hungary?
Do I have to pay stamp duty if selling a house in Hungary?
Do I need a license if I am a Hungarian?
Dec 29, 2021 · There are more and more specialist websites and magazines advertising property for sale in Hungary. The key advantage here is avoiding the estate agent’s fees. You will need to do your research to get the price right as just looking at the adverts will not be enough.
