A1. Usually, the procedure takes about 10-12 weeks. The Administration Office procedure takes 30 business days, the Land Register procedure takes another 30 days, in addition there is some time needed for transferring the documents from one authority to the other. Please be aware of the fact, that sometimes these procedures take a bit longer than mentioned above (national holidays, large amount of work for the authorities, etc.)

A2. The Administration Office gives a letter of consent, if the property you would like to buy hasn’t conflicting interests of public's and those of the local government. The cost of the procedure is 50.000 HUF. This cost must be paid by the buyer.

A3. The Land Register office sends you a notification about the registration of your ownership to your address at the end of the procedure. If you do not receive this document, you can always check the deeds in the Land Register office.

A4. The contract, that our lawyer prepares are always in both Hungarian and English.

A5. There is one person who is the guarantee for a official and correct procedure, that is the lawyer. His signature on the contract is the proof, that he takes responsibility for its content. So if the English text is countersigned and sealed with the lawyer’s dry- stamp, then you can be sure that the two texts are the same. Do not accept a final contract without the dry-stamp and signature of the lawyer.

You might have questions that have not been answered yet! Please get in touch with our experts who are happy to answer your questions and queries!

A6. There is only one compulsory situation to be present personally: the signing of the final contract. According to the Hungarian law, the purchase contract has to be signed personally by the buyer and the seller at the same time in front of the lawyer. Alternatively you could give somebody a power of attorney to proceed on your behalf, in this case the authorized signatory has to be present.

A7. If you want to buy a property together with another party, you can split the ownership without any problems. All the people who have acquired a certain ownership proportion are registered in the deeds.

A8. There are no restrictions on how many properties a foreign individual can own. Therefore, you can own as many properties as you want.

A9. Basically as a private person you have to pay a 25% income tax from the profit made on the property.

A10. There are two kinds of taxes you have to pay after buying a property. One is the property acquisition tax (stamp duty) which has to be paid 6-9 months after the registration of your ownership. The base for this duty is always the market value of the real estate, mostly the selling price. The other tax is the local (council) tax, which is different in every village. Please read more about taxation HERE.

A11. Yes, we have several partners who can help with mortgages and personal loans. Please contact us for further details on financing.