Before buying or selling property in Hungary, the single most important document to consult is the land registry title extract (tulajdoni lap). It is the authoritative record of who owns a property and what rights and encumbrances are registered against it. The good news: Hungarian residents with a government portal account can access a non-certified…
One of the most common concerns buyers raise with us is this: once I pay the full purchase price, what actually guarantees the seller will hand over the property on time? The honest answer is that no mechanism is foolproof — but the risk can be minimised significantly with the right contractual tools. Tool 1:…
When you buy and sell residential property in Hungary, you may be entitled to a significant transfer tax (illeték) saving through what is known as the replacement purchase relief (cserepótló vétel kedvezmény). Understanding the rules — and the deadlines — can save you a meaningful sum. How the relief works Under Hungarian law, when a…
Like any transaction, buying real estate in Hungary carries pitfalls. Those pitfalls multiply when you are buying off-plan — a property that exists only on the architect's drawings, with no physical building to inspect, walk around, or assess. The core risk: the developer's lawyer is not your lawyer A lawyer will always be involved in…
Buying real estate in Hungary involves a number of legal steps that, if overlooked, can expose a buyer to serious financial and legal risk. Below we outline the key checks our firm carries out on behalf of every buyer we represent. Always sign on the basis of a same-day title extract The purchase agreement should…
