Property maintenance in Hungary in 2024
Property maintenance expenses in Hungary cost about
Taxes
Annual real estate tax
Rental income tax is 16%. Managing company services for rental property can reach 35-45% of the rent value.
Capital gains tax is 15% upon sale of the property. There are tax allowances depending on the duration of ownership. In the selling of real estate there is a step tax for 5 years. In the first year after the purchase, when selling, 15% is paid from the difference between the purchase and sale prices, after a year only 90% of the 15% tax is paid, after 2 years - 75%, after 3 years - 50%, after 4 years - 30%, and after 5 years - 0%.
Utility bills
Apartments in Hungary have electricity, water and gas meters.
Cold water | €0.7/m³ |
Electricity | €0.112/kW·h |
Gas | €0.035/kW·h |
Insurance
Home insurance costs about €10-15 per month, depending on the terms of insurance contract.
Repairs
Standard renovations and home improvements cost approximately €700–1,200/m², depending on the volume of work and quality of the materials used for its construction.
We will send you a content digest not more than once a week
- Property Prices
- Buying and Registering
- Mortgage
- Residence
- Property Maintenance
- Taxes