Real estate article series part 10: Am I allowed to buy a Real Property in Hungary as a foreigner?

What to do if a foreign buyer is interested in buying a Real property that is for sale? Is it burdensome to enter into such Sale & Purchase agreement with him? Are there any other restrictions or additional procedures that may cause time or other administrative difficulties for foreigners buying property?   In part 10 […]

Real estate article series part 9: „Pending status of transaction” or „retention of title” what, when and why?

Real estate article series part 9: „Pending status of transaction” or „retention of title” what, when and why?   In real estate sales contracts, it is often the case that the agreed purchase price is not paid in one lump sum but in instalments at a later date(s). A typical example of this is when […]

Real estate article series Part 8: When can I be exempted from paying duty and VAT?

Before you buy a property, it is important to clarify what other costs you will have to bear as a buyer in addition to paying the purchase price. As sellers, we should also remember that the proceeds from the sale of the property will normally be taxable.   In Part 8 of our series of […]

Real estate article series Part 7: Misconceptions – how to have a proper Sale & Purchase Agreement

Whatever the type of Real Property you are buying, it is essential that the parties have a contract in place to settle the transfer of ownership. In order to do this, it is essential that both the seller and the buyer are aware of the most basic requirements, i.e. the essential contents of a contract […]

Real estate article series Part 6: Legal pitfalls of buying a newly built Real Property

Real estate article series Part 6: Legal pitfalls of buying a newly built Real Property   In fact, it is relatively easier to buy a second-hand property than a property that is still under construction, because you can see an older property as it is, whereas a newly built property, it may not even be […]

Real estate article series Part 5: What should I pay attention when buying a Real Property with bank loan?

The question may arise: are there any special requirements in case we would like to buy a Real Property which transaction is partially financed by bank loan? The answer could be a simple yes and the case is closed and there would be no need to read on though, but it is not that black […]

Real estate article series Part 4: Bumped into an undivided joint ownership, what should I ask for to protect my long-term goals?

Did we like one of the duplexes? Is there more than one house on a plot and we want to buy one of them?     In Part 3 of our series of articles on Hungarian Real Estates, we will look at the specific legal situation where a Real Property has several owners at the same […]

Real estate article series part 3: Buying a family house wisely 

We bought our dream house, but later find out that it was built illegally. Is the building not even designated on the Land Register official map? Didn’t we buy the Real Property from the owner? To avoid these and other nightmarish circumstances and disadvantages, we’ll show you what to check as a must t for […]

Real estate article series Part 2: How not to fall into a failure when buying a home?

We have looked at the property we want to buy, we have paid the purchase price […] everything seems to have gone well at first, but the land registry has refused to register our title or it turns out that there was a co-owner who had a pre-emption right who was failed to notified though?  […]

Real estate article series Part 1:  What is a title deed for? Do we need it as buyers or is it just of a waste of time to check that?

Are we 100% sure that the person introduced as a seller is the real owner of the property? Is there an unexpected beneficial owner or a mortgage, a lien, ongoing enforcement procedure or other encumbrance on the property that hinders you from buying it? Has the property been listed as a flat but is actually […]