What do I need to know before moving to Budapest?

"I would recommend hiring a good lawyer or finding a real good real estate agent who can guide you into the best building, if you plan to rent. I purchased my flat and I could not be happier. Even though prices have gone up lately, one of the best things is the lack of property tax, which in the US can be thousands or even tens of thousands of dollars a year. I rented for the first year before I decided to buy, and there are many nice apartments in Budapest. Most of the rental apartments here are fully furnished. Also, be aware that they do not distinguish "bedrooms" from other "rooms." So, if you want a two bedroom apartment you need to look for an apartment with three rooms (two bedrooms and a living room). The kitchen and bathrooms do not count in that calculation. In Budapest there are a lot of Airbnb apartments, so it would be good to stay away from buildings. Also, there doesn't seem to be regulations regarding businesses verses residents, so you might find a business in one of the upper floors of a building. But again, a good real estate agent or lawyer can help you figure that out," said another expat in Budapest, Hungary.

"-Finding English-language real estate agents can be difficult but they do exist (I work for one) and it is worth it to find one. Mix ups I've experienced in the past include agents who confuse numbers (40 and 60, for example) and some debate over whether or not my landlady would offer a couch. Businesses that seek expat clients (relocation companies, some real estate agencies and also exercise studios, beauty salons) can have very useful information posted on their website. Choosing a neighborhood: Families seeking residential settings should look for houses on the Buda (West) side of the city, in districts 1, 2, 2A (a bit far from the city center but home to the American School) and 12. Residential parks exist with detached homes and lots of yard space. Those looking to live in the center and close to embassies/businesses should live on the Pest (East) side in district 5, 6 or 7. For urban but residential surroundings look at districts 9, 13 and 14. I saved a map of international schools in Budapest which will help those interested in living close to one: http://maps.google.com/maps/ms?ie=UTF8&hl=en&msa=0&msid=113650380662921546661.00048a66a58c714c0c74a&z=11," wrote a member who made the move to Budapest, Hungary.

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

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SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.