Property

Courtesy agreement of accommodation for your Hungarian residence permit

When you apply for the Hungarian residence permit, you need to indicate where you are going to live. Most people rent a home for themselves, but staying with a friend is also an option. The courtesy agreement is the document you can present to the immigration office instead of a rental agreement.

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Henley Passport Index 2023: Hungary still in Top 10

This year again, Hungary ranks in the Top 10 of the Henley Passport Index, making it one of the most desired passports around the world. Read on to learn what that means and how you can take advantage of it.

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U.S.-Hungarian double taxation treaty stays canceled

Last week the Hungarian Tax Authority has published a notice about the effects of the cancellation of the U.S.-Hungarian double taxation treaty. This marks an end to hopes that the treaty might be reinstated or a new treaty might be introduced.

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2023 tax changes in Hungary

Are you an expat living, working, or doing business in Hungary? Then it is best if you keep an eye on changes to regulations in case any of them are relevant to you.

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Changes to the Hungarian real estate landscape in September 2022

Real estate is traditionally considered a safe investment. Prices are constantly on the rise, at least to the keep up with inflation. Now, after more than 2 years of pandemic and half a year of war, prices are still increasing in Hungary, while new patterns of demand are emerging due to a recent change in …

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Property purchase in Hungary as a foreigner

If you are not a citizen of Hungary, you might need a property purchase license before you can finalize the deal – your lawyer can take care of it. After purchase, you will be required to pay property tax, which is normally 4% of the purchase price.

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Safe investment when war is coming your way

When you have funds in excess, it is usually best not to just let them lie around in your pocket or on a bank account, but to make some kind of investment to ensure that your money retains its value, or even turns a profit. But from which investments can you actually expect that, especially …

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Now is the time to invest in Hungarian real estate

Even if the coronavirus pandemic hit the Hungarian real estate market hard, real estate investment remains a relatively safe bet, with the added benefit of granting you eligibility for residency.

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Buying real estate in Hungary: property tax

Are you planning to purchase real estate in Hungary? You should be aware of a cost that will not be included in the contract: property tax. This blog post explains what you need to know if you would like to avoid an unpleasant surprise from the tax authority after buying your dream home. What is …

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Real Estate investment for EU residency

European Golden Visa programs offer EU residency or citizenship in exchange for an investment that can boost the economy of the target country. The safest form of investment is real estate, as this way you come in possession of a physical object that can be resold at any time. Golden Visa programs with real estate […]

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