Buying property in Hungary involves several steps, and it’s important to familiarize yourself with the local laws and regulations. Here is a general guide to help you through the process:
Research and Budget:
Determine your budget and the type of property you are looking for. Research different regions in Hungary to find the one that suits your needs.
Legal Advice:
A Hungarian lawyer can play a crucial role in helping you navigate the legal aspects of buying a property in Hungary. We can help you navigate the process and ensure that all legal aspects are covered, such as: Legal Advice and Guidance, Due Diligence, Contract Review and Drafting, Negotiation Assistance, Tax- and duty advice, Representation, Post-Purchase Support.
Property Search:
Start searching for properties that meet your criteria. You can use online platforms, work with a real estate agent, or check local listings.
Negotiation:
Once you find a property you like, you can negotiate the price and terms of the deal with the seller or their representative.
Purchase contract:
Once you reach an agreement, a purchase agreement (contract) will be drafted by the buyer’s lawyer. This document outlines the terms and conditions of the sale.
Registration:
The property transaction needs to be registered with the local land registry office.
Remember that laws and processes may change, so always consult with a local professional for the most up-to-date information. Additionally, consider language differences, and if needed, hire a translator to assist you during the process.
Should you need any further information, please get in contact with us.