A purchase of a real estate abroad raises many questions. On this page we answer the most important in short form.
Cheap Hungarian Cottages has a look at the chosen objects with you. We dispatch one day for you, free of charge. Any additional visits and the resultant costs are to be replaced, but are credited with completion of purchase. It is therefore important that you specify your wishes and ideas as soon as possible. Please also note, that we provide for agreed and failed tour dates, an hourly fee of HUF 10,000 (ten thousand HUF) plus 27% of Hungarian VAT. The reason is that we can assume no other clients during this period date. Please apologize, that we can not perceive hastily arranged appointments for organizational reasons.
The Casa Mia Hungary Bt is the only real estate agent provides all interested parties online an accurate statement of costs including all expences at the current exchange rate. However, non-EU citizens (associated excluded) have to reckon with additional costs due to the necessary authorization from the County clerk. In addition, all interested parties get a pdf-file with an overview of all costs at initial inquiry. Before buying an accurate statement of costs on the basis of today's exchange rates is standard.
The Casa Mia Hungary Bt requires a service fee of 3 percent of the purchase price, but not less than € 1000, - each plus 27% Hungarian VAT (= € 1270, -). The fee is calculated from the number of pitches, the number of sales contracts, the percentage fees and the minimum rate.
In Hungary the contracting practice is to hand out Earnest Money to the seller (mostly approx. 10% of the purchase price). It's a part of the purchase price and guarantees the buyer that the seller stands to his promises. If not, the seller have to pay back the double sum of the given Earnest Money. If the buyer is in breach of contract, he shall lose the paid Earnest Money.
The income tax is 15%. The taxable base for flats and houses is in the year of the purchase and the following year 100%, in the 2rd year 90%, in the 3th year 60%, in the 4th year 30%. Afterwards no incoming tax.
Currently the acquisition of agricultural areas (e.g. acres, vineyards, forest, meadows, orchard) by EU-citicens is possible until 10000 sqm. The purchase needs a special procedure and time (up to 6 months). The acquisition of farmland with title deed is not possible for non-EU citizens.