The lawyer's fee in Hungary is around 1% of the cost of the property.

There is a tax payable when purchasing property.  This is called "Duty" in Hungary. On property costing up to 4,000,000 HUF the duty is 2%.  Over 4,000,000 the duty rises to 6%.

Newly built property up to 15,000,000 HUF is exempt.

Building plots are also exempt provided that you build on them within four years.

The land registry functions very well and there appear to be no problems with title and such matters. The cost of entering a purchase in the land registry is a mere fifteen Euros.

E.U. citizens can buy their first property with no difficulty. However, permission has to be sought in order to buy multiple properties. This is normally granted within a few weeks.

Opening a bank account is quite simple.

Our agents speak excellent English as does the lawyer that they use. We have met him and have had a long discussion about property purchase in Hungary and are satisfied that the proceedure is straightforward.

Mortgages are available up to 50%.