Property maintenance in Hungary
Property maintenance expenses in Hungary cost about
Annual real estate tax
Rental income tax is 16%. Managing company services for rental property can reach 6% of the rent value.
Capital gains tax is 25% upon sale of the property. Depending on the duration of ownership, there are tax allowances from 10% to 70% on the difference between purchase and sale price.
Apartments in Hungary have electricity, water and gas meters.
Home insurance ranges from €100 to €500 per year, depending on the terms of insurance contract.
Standard renovations and home improvements cost approximately