Lawyer's addressLövőház utca 20/A.
1024 Budapest Hungary

Attorney's phone number Tel.: +36 1 316 9233
Law office's fax number Fax.: +36 1 336 0107
Attorney's office e-mail

Changes in the taxation of apartment letting, 09.05.2017 – According to a new analysis published by one of the largest property trading websites of Hungary next year’s tax legislation will rearrange the HUF 110-130 billion apartment rental market. Rental prices in Budapest are not expected to grow anymore, but in other towns there is still room for expansion, especially on the demand side. This is not expected to cause any rise in prices because next year’s revised tax legislation will basically halve current taxes and duties levied on apartment letting revenues.

According to plans the 14 per cent health care contribution would be abolished on revenues exceeding HUF 1 million per year. Revenues will only be subject to 15 per cent personal income tax, which may mean that the current average rental fee of HUF 130-135 thousand will not increase – not least because clients cannot afford to pay more. The average rental fee already equals two thirds of the average salary in Hungary.