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.
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.
Start searching for properties that meet your criteria. You can use online platforms, work with a real estate agent, or check local listings.
Once you find a property you like, you can negotiate the price and terms of the deal with the seller or their representative.
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.
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.