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napi.hu, 27 December 2018 – In 2018 apartments in high-rise concrete blocks in Buda and in the Budapest conurbation sold fastest, within six weeks on average. Turnover increased by 13 per cent in the Budapest conurbation. Owners of apartments in high-rise concrete blocks in small towns had to wait for a buyer the longest, three […]

napi.hu, 18. November 2018 – Property sales are subject to personal income tax, unless you bought that property before 2013. Sales tax is payable if the property is sold at a higher price than it was bought. If the seller of the property or of an intangible asset (e.g. a usufruct) is a private person, […]

napi.hu, 1 October 2018 – Banks do not mess around when approving loan applications: clients are notified about the result within three weeks. Despite an ever growing demand there is no congestion in the approval procedure: banks pass their decisions within no more than 15 working days. The processing time of standard mortgage applications submitted […]

napi.hu, 29. September 2018 – According to data collected by an NGO only 5 per cent of all residential properties in Budapest are owned by one of the local governments or by the Metropolitan Local Government of Budapest. The national average is around 2 per cent while back in 1989, at the time of the […]

napi.hu, 28. September 2018 – The residential property boom continues in Hungary. In the second half of the year demand was even higher than in the first, especially for apartments with their own boiler heating. On a year-on-year basis, demand for each apartment advertised grew by 12, 15 and 24 per cent in June, July […]