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 info@drlittner.hu

Unlucky apartment buyers seek help from the Prime Minister

napi.hu: Apartment buyers who signed their contract last year at a gross purchase price (as opposed to a “net + VAT” price) will not be able to enjoy the benefits of the VAT reduction – not even if they can take delivery of the “product” in a year or two. There is no legislation for this situation and even though this is against the intention of the legislator, there is nothing to force developers to pass on to their buyers the extra profit they happen to make. The only option the latter have is to cancel the contract but this would, too, benefit the developers who in view of the significant price increase that has occurred in the meantime can resell the apartment at an even higher price. As there is no comforting solution at present, affected apartment buyers wrote a letter to the Prime Minister, asking him for help.