Hungarian Golden Visa Property Investment

The Process of Buying Real Estate for Guest Investors

1. Making an Offer

   • The buyer can make an offer, which the seller must accept.
   • The buyer can provide an advance or deposit as a commitment.
   • Typically, the deposit is 10% of the purchase price.

2. Conclusion of the Contract

   • The contract requires a lawyer or notary public to countersign.
   • The lawyer must check the property's title deed and ensure it meets the requirements.
   • The contract must include specific details about the parties and the property.
   • The purchase price must be fixed in the contract.

3. Licensing at the Government Office

• Foreign nationals require permission from the government office to acquire real estate.
• The application must include required documents and the government office has a 45-day deadline.

4. Land Registry Procedure

   • The buyer's ownership is registered by the land registry after the contract is submitted.
   • The registration process has a maximum of 60 days.

5. Entry Phase

   ---

   You might also like

   

   Budget-Friendly Digital Nomad Hubs for 2025

   15 Nomad Cities for Under $1,000 a Month in 2025: The Ultimate Budget Travel Guide Introduction to Budget Digital Nomad Destinations The digital nomad lifestyle continues to evolve, offering unprecedented...   Keep Reading →

   ---

   • The parties sign a handover protocol, exchanging keys and recording meter readings.
   • The new owner is responsible for utility bills from the date of possession.

Taxation

• VAT is 5% on the purchase of a newly built property.
• A 4% transfer tax must be paid based on the property's market value.
• Rental income is taxed at 15% personal income tax, with a 10% deduction for expenses.
• After 5 years, the sale of the property is tax-free.
• Construction tax is a local tax determined by the municipality.