2020

There is often a question from buyers-investors who purchase a property in Budapest about whether they need to buy a property in a new building or in an old classical building in order to be it profitable in a future too? Well, it depends on buyer’s purpose of using that property, it depends on district, area, the amount that buyer willing to spend and so on. But let’s look for some significant...

The factor like where does property face, can have a lot of effect on the future of the property. In Budapest, almost half of the apartments in the old buildings are facing the street and another half facing the inner yard. In both cases, there are some positive and negative moments. In the old buildings, the apartments that facing the street are more bright and having more direct sunlight. The higher...

Cost of the deal always carried out by buyers in Budapest. So whoever is the buyer, foreigner, Hungarian, cost of the lawyer will be covered by the buyer. Different lawyers have different fees. In fact, there are many lawyers in Budapest who are looking for “easy” money, that is they are not professionals, at least in a field of real estate. But as nowadays there are happening a many real estate deals...

In many European capital cities there are taxes for property, monthly or annual that owners obliged to pay. But Budapest stands out among those cities. By owning a property in Budapest not needs to pay any kind of monthly/annual property tax, in most cases. There are a few districts like 2, 3, 4 and 12, where owners should pay a tax average amount of €50/year. But it is only in case if you own or...