Property for sale in Hungary
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The Buyer's Guide
- Property prices in Hungary from 900 to 2,200 €/m²
- Stages of buying property in Hungary
- Mortgage in Hungary from 5.5% per annum for up to 20 years
- Property tax in Hungary of 2% for the first 13,200 € of the purchase price
- Property maintenance in Hungary from 1% to 4% of the property value per annum
- How to get a residence permit in Hungary
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FAQ about Hungary
What percentage of income will I have to pay as a management company fee if leasing a facility?
Everything depends on a number of certain factors. Management companies usually charge from 25% to 45%.
For everything to go smoothly and for you to be satisfied with the service provided, it is better
to consider a range between 30% and 33%.
Choosing the minimum percentage, you will naturally get a low-quality property maintenance. Neither will the management company do all the necessary paperwork on the owner's behalf or check the utility payments, and the property depreciation rate will be higher. This is why you shouldn't choose the minimum service plan.
Choosing the minimum percentage, you will naturally get a low-quality property maintenance. Neither will the management company do all the necessary paperwork on the owner's behalf or check the utility payments, and the property depreciation rate will be higher. This is why you shouldn't choose the minimum service plan.
How much do the utilities cost in summer and in winter (approximately)?
For a 65 m² apartment with residential Internet access, they cost about €120 per month. It is necessary to understand
that the costs differ between regions. The amount quoted is the regional average. The costs are the same
throughout the year. An average is paid every month, and the costs are recalculated based on the actual use once a year.
How much does a property insurance cost per annum in Hungary?
The average insurance cost ranges from €120 to €180 per annum.
How much do a property repairs cost in Hungary on average?
Complex repairs, including windows and heating system replacement, costs about €1,000-1,400 per square metre.
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United Property Expo in Belgrade, Serbia
17-18 February, 2023
United Property Expo is a large-scale international exhibition attended by thousands of private investors, leading global developers and brokers. The event provides an opportunity to discuss the issues of buying and renting property abroad, get professional advice on taxes, mortgage, property investment and management.