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 acquiring of the property you would like to buy is not conflicting the interests of public's and those of the local government. The cost of the procedure is 50.000 HUF at the moment. This cost must be payed by the buyer.

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

A4. The contracts, 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 lawyers dry- stamp, than 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.

A6. There is only one cumpolsury 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 somebody, you can split the ownership without any problems. All of the persons who have aquired 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 aquisition 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. Another type of 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 finances. Please contact us for further details on financing!