How to Rent a Flat in Budapest (For Expats)

Finding the right apartment when moving to Budapest is probably the most crucial thing in connection with your stay. Once you found your dream apartment in a convenient location with a trustworthy landlord on reasonable price the hardest thing is still ahead, signing the rental contract. Here are some tips on what to consider before signing the contract. First and foremost make sure you know and understand all the details…

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Why is it a good investment to buy an apartment in Hungary?

Hungary is still considered as an attractive location for foreign investors. Buying a property may be the safest investment with an excellent return. Based on the report of Eurostat, the purchase prices of properties in the EU grew 4%, in the euro zone with 3% from January to March 2016 in an annual comparison. The highest growth was however produced by Hungary in January and March 2016, the purchase prices…

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Which circumstances shall be considered when buying an apartment in Hungary?

1. Check the land registry sheet carefully. You (or your attorney) have to examine, if there are any encumbrances registered concerning the apartment. If so, you shall agree with the seller about the procedure how to cancel the encumbrances. 2. Undersigning the sale and purchase agreement (S&P): There are two options when you conclude the S&P agreement. a./ Either you undersign it in Hungary, in front of the attorney at…

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Sale and Purchase of Properties in Hungary

In Hungary the devolution of property when it comes to land and a building on it, contains two major steps. Written and countersigned sale and purchase agreement: First of all a written sale and purchase agreement has to be drafted and signed by the parties. There are a number of obligatory elements and formalities which the seller and the purchaser have to comply with. The contract has to be countersigned…

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