Home Hungary Forum Hungary Guide Moving to Hungary Real Estate Healthcare in Hungary
Hungary
Resources
City Guides
Cigna International Health Insurance
JoinSign In
Cigna International Health Insurance

Hungary Expat Forum

What should an English person be aware of when buying a property in Hungary?

Post New Topic
Showaddywaddy
5/6/2019 11:34 EST

I have heard that there are certain tricks / scams etc that can occur when buying a property in Hungary. What are the common ones and how can you recognise them in time to avoid being a victim? Are there any estate agencies that are 100% honourable?

I speak no Hungarian, just English, French and a little Spanish. I do not know of any Hungarian speaker who could accompany me through the process.

Post a Reply

00abuse

budapest
5/6/2019 12:35 EST

Hello, I am a Hungarian /Canadian citizen living in Budapest. I worked in Toronto for 14 years as a Realtor for Royal LePage now I work with Remax Redpro, Ferenciek tere . Remax is an International company therefore we have many ethical rules we abide by because we network around the world. We do not get involved with any scams. The lawyers we work with all speak English very well so that there is no confusion on the whole process of buying a property in Hungary. I will walk you through buying a property in Hungary nothing to be afraid of. Most important to note is, it is easy to buy a property with cash rather then a mortgage. All this can be explained during a complementary consultation. http://media.fototourshungary.com/gallery/37713/foto-tours-hungary

Post a Reply

00abuse

expat health insurance from CIGNA

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Learn More Get a Quote

Grazka
5/6/2019 14:52 EST

Hi,
dont need to worry too much about buying some property in Hungary but always you need to use a lawyer to do all documents. Best will be English speaking lawyer...most of them speak English this days. If you use real estate agent then he will find you a lawyer as they already have some on their list. You can deal with the property owner by self...inspection ,price but NEVER give them any money or sign any contract....to do this get your own lawyer. By law you should have a contract in English..Grazka

Post a Reply

00abuse

Showaddywaddy
5/6/2019 15:10 EST

Grazka,
Thanks for that. I have one question about it. Could it be true that if an estate agent recommends a lawyer to me then will that lawyer have a few strands of loyalty to that estate agent, rather than being 100% my advocate?
I.e. that lawyer often gets work from that estate agent.

Will

Post a Reply

00abuse

budapest
5/6/2019 15:18 EST

Hello, As a Realtor in Budapest , I do not get a referral fee from the lawyer . I refer lawyers that I know will take care of my client. They are sincere and work in an ethical manner. Please don't hesitate to contact me with more questions you have through Facebook; https://www.facebook.com/EvaBonomoloBudapestRealEstate/
Connecting you to profitable real estate in Hungary, Remax Redpro

Post a Reply

00abuse

Grazka
5/6/2019 15:38 EST

Hi,
From my experience your lawyer always works for you. Means he is checking if owner is the owner,if is mortgage on the property and what ever he need to do and is writing legal contract with the price and settlement date on which you agree with the owner. The lawyer normally has own business and is use by realestete agent as need it. I dont know how lawyer can be influence by any way by real estate agent. Before you sign anything read it first. Do not sign anything before reading and checking up if address,price...is correct. Also remember that here seller is taking with him ex lamps....so what ever you want and owner agreed on must be in the contract. If is not is chance you will not get it. Specially make sure u have a oven,hot plate,blinds,ac.......stuff like that in the contract. I never had any problem with anything even lawyers were friends of real estate people. Once I bought from the seller with out of realestate people but I find lawyer myself . So always you can find your own lawyer even if you doing by real estate agent. Ask ( in advance )always how much the realastate and lawyer are charging .
If you have more question Im happy to answer. Grazka

Post a Reply

00abuse

expat health insurance from CIGNA

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Learn More Get a Quote

Showaddywaddy
5/6/2019 15:48 EST

Grazka,
That is very useful. I would be seeking to do a deal which included contents such as kitchen units, cooker, fridge, heating system, furniture etc.

Is it usual that the buyer can walk in on the execution day, check that the contents are as agreed and only then release the full sale price to the vendor? I presume that up to that point a 10% non returnable deposit will have been paid.

Will

Post a Reply

00abuse

Grazka
5/6/2019 16:03 EST

Are u on skype,messenger,viber ...so we can have a chat? Its hard to explain everything writing....let me know.
To quickly answer your question....trick is make sure everything is in the contract.Most people dont know about it because they coming from different countries and rules there are different.
Before you transfer the money your lawyer or realestate person should go with you to make sure everything what should be there is there and read all meters ( important). The readings must be written on paper and sign by owner . U will need this to connect for yourself gas,electricity ....
Did you find already what you want to buy??
From my point of view real estste are just for showing properties and neg price. The lawyers are responsible for the sell/buy so doesent really mater which one real estate you will deal with. G.

Post a Reply

00abuse

Showaddywaddy
5/6/2019 16:46 EST

Grazka,
I have sent you an expatexchange.com pm. Thanks very much for your help.

Will

Post a Reply

00abuse

Expatriate Health Insurance

Get a quote for expat health insurance in Hungary.

International Moving Quotes

Moving to Hungary? Get a moving quote.


Mail Forwarding to Hungary

Mail Forwarding to Hungary.


Expat Tax

Expat Tax Preparation, Expat Tax Professionals

Join Today (free)

Join Expat Exchange to meet expats in your area or get advice before your move. It's FREE and takes 1 minute!

Expatriate Health Insurance

Get a quote for expat health insurance in Hungary from our partner, Cigna Global Health.
Get a Quote

10 Tips for Living in Hungary

Did you know that you should not have even one drink and drive in Hungary? Did you know that property crime is common in Hungary, but not violent crime? Did you know that Buda (West) side of Budapest is more residential? This article offers tips from expats living in Hungary.

Did you know that you should not have even one drink and drive in Hungary? Did you know that property crime is common in Hungary, but not violent crime? Did you know that Buda (West) side of Budapest...

5 Tips for Living in Budapest

Most expats love living in Budapest for it's beauty and culture. There's something for everyone in Budapest. Yes, you'll have to deal with lots of bureaucracy, but people are friendly and helpful. Once you get past the red tape, life in Budapest is rewarding.

Most expats love living in Budapest for it's beauty and culture. There's something for everyone in Budapest. Yes, you'll have to deal with lots of bureaucracy, but people are friendly and helpful. ...

International Schools in Budapest, Hungary

There are numerous international and bilingual schools in Budapest. In this article, we highlight some of the more popular international schools school for expats in Budapest.

There are numerous international and bilingual schools in Budapest. In this article, we highlight some of the more popular international schools school for expats in Budapest....

Retirement-In-BudapestAn Expat Shares What it's Like Retiring in Budapest, Hungary

A woman, who was born in Hungary and moved to the US when the communist regime was in power, decided to return to Hungary for retirement. She cashed in her 401K, bought a downtown apartment -- she is thrilled to be living mortgage free.

A woman, who was born in Hungary and moved to the US when the communist regime was in power, decided to return to Hungary for retirement. She cashed in her 401K, bought a downtown apartment -- she is...

Moving-To-BudapestAn Expat Talks about Moving to Budapest, Hungary

An expat in Budapest talks about the cost of apartments, best neighborhoods for expats, what to bring when you move to Hungary and what to leave behind.

An expat in Budapest talks about the cost of apartments, best neighborhoods for expats, what to bring when you move to Hungary and what to leave behind. ...

Hungary Guide
Other Links
Our Story Our Team Contact Us Submit an Article Advertising Travel Warnings

Copyright 1997-2019 Burlingame Interactive, Inc.

Privacy Policy Legal