How Real Estate Investors Can Enter Hungary Now? September 15th, 2020

Good news: you can still get entry to Hungary if you are planning a business travel from the EU, the European Economic Area and many more countries. You only need documents that verify the purpose of your travel.  Let us guide you with the latest news and all the necessary steps.   UPDATED: 09.03.2021.   Planning to set up a real estate business in Hungary? Would you like to buy or sell a property in Budapest? Borders are officially closed, however, you may get the green...

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Moratorium on Loan Repayments in Hungary April 2nd, 2020

The decision of the Hungarian Government may also make your situation easier.   The epidemic situation has immediate economic effects globally, which is a challenge for employees, employers and, of course, many property owners. Hungarian Prime Minister Viktor Orban announced a blanket moratorium on loan repayments for all companies and private borrowers until the end of the year.   The provision also applies to foreign landlords if they have taken out a loan in Hungary. It is good news...

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Hungarian Real Estate Prices Increased the Most in the EU July 24th, 2019

In the European Union, the rise in property prices in the first quarter has declined. In the meanwhile, the increase of real estate prices was the most significant in Hungary. According to Eurostat, prices rose by 4.0 percent in the euro area between January and March, year-on-year. Compared to the previous year, a 0.3 percent increase was recorded. In the previous year, real estate prices rose by 4.8 percent in the second and third quarters in the euro area and 4.6 percent in the fourth quarter....

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This is How the Housing Prices has Increased May 6th, 2019

The latest analysis of KSH (Hungarian Central Statistical Office) reveals that real estate market turnover was growing rapidly in 2018 in Hungary. According to preliminary data, the number of new apartments sold increased by one and a half times, while the number of used flats sold was 6.4 percent. 5 percent of the sold apartments were newly built. The prices of used homes increased by 9.5% and for new homes by 3.6% in the fourth quarter of 2018 compared to the same period last year, which clearly...

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Record Breaking Year of the Hungarian Real Estate Market January 7th, 2019

A summary analysis of ingatlan.com shows that there is a record interest in homes for sale. This year, 8 percent more people visited the ingatlan.com website than a year earlier, which is 2.67 million visitors, and 4.93 million interests in properties are registered for sale on the site, which is a record for the housing market. Of course, strong demand was associated with strong supply, which further boosted the residential market. According to László Balogh, the leading economist...

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What You Must Know About Taxation in Case of Selling November 27th, 2018

If the owner wants to sell his property he can count on some costs that are handy to know at the beginning. It is especially important for those who would later like to buy new real estate from the amount they are receiving, and for those who would like to take a loan from the bank. If a property has been transferred after 2013 personal income tax liability is incurred for the new owner. This tax has to be payed if the purchased property is sold more expensively than it was previously purchased,...

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