Budapest Real Estate

Hungary: hot key European

Hungary - not the most popular country for tourists and a property buyers. Meanwhile, it is so interesting in itself, and so well situated in the heart of Europe that deserves the most attention. One of the most beautiful capitals of the continent, thermal lake and excellent cuisine - all of this, Hungary

Pearl of the Danube

A mild climate (average January temperature is - -1 ° C, July - 26 ° C), excellent location, plenty of entertainment for people with different tastes and requests throughout the year attract visitors to Hungary.

Hungarian capital - Budapest - not by accident called "the pearl of the Danube". The city consists of three parts, bearing the historic name of Buda and Pest Óbuda (they were one city only in 1873). Panorama Center in Budapest, so good that even entered the UNESCO's World Heritage list of the planet. Budapest's famous museums, theaters, monuments and bridges.

In addition, Budapest - the only European capital, which is recognized resort. And all thanks to the hot springs, around which are still being built with Roman baths, saunas and swimming pools. All them in Budapest for more than two dozen, and most famous - "Gellert", "Rudash", "section", "Kiraly.

Of course, not only in Budapest Hungary is interesting guests - and as a resort, and as a place that deserves attention. Few people had heard about the lake Balaton, where visitors can relax on the numerous beaches, windsurfing, sailing or fishing sport. But no less interesting and the thermal lake of Hévíz (Hvz). Its area is 4.7 ha, and even in the coldest temperature of the water it does not drop below 26 ° C, due to the striker out of the cave from the lake bottom two thermal key. Famous swimming pool was built on a lake in the XVIII century.

The Schengen free

Hungary is located in the heart of Europe. It is bordered by Austria, Slovakia, Ukraine, Romania, Serbia, Croatia and Slovenia. Three countries in this list are also party to the Schengen agreement, which means that it is from Hungary will be convenient to begin its journey through Europe. In addition, such a country location attracts many tourists from other European countries that can not affect the value of both commercial and residential real estate. Agree and Marina Kagan, director of Heviz Home Service: «Of all the" newbies "in the EU is Hungary - one of the most promising countries for investment in real estate. The main advantage of buying Hungarian property - the opportunity to stay in the heart of Europe, in a beautiful country with great cultural heritage, traditionally considered one of the tourism centers of the Old World. On December 21, 2007 Hungary joined the Schengen area, which opens for real estate owners and their relatives are European borders. Having issued a Schengen multivisa, you get the opportunity at any time move to anywhere in Europe. The Hungarian government plans to switch from national currency (forint) in the euro no earlier than 2012, therefore the projected growth in property prices. "

The most "sweet" counties

The country's territory is divided into 19 administrative units, called "counties» (megye). A foreign investor may acquire any property in Hungary, with the exception of farmland - the choice is great. "County Budapest, Pest county, Hévíz county, Zala county, all of Lake Balaton, the largest in Europe - the most in demand and merchantability. Well as steady demand from foreign buyers enjoy city of Sopron (Sopron) and a neighborhood with an adjacent lake Neusiedler See (Fert or Nousiedler See). Demand, the leading Heviz, Hungary and the entire Capital Region (Pest county). In Lake Hévíz is healing. Popular and the town of Keszthely (Keszthely), which is located just 5 km from Hévíz at Lake Balaton "- says CEO Ingbud Kft Jaroslav Zimin. In terms of location buying a home in the town of Keszthely is very beneficial - a city located between two major tourist centers in Hungary.

Alevtina Savchenko, Managing Director of A & D Real Home, adds: "Among the foreign buyers has always been a popular real estate market in Budapest, there has always been a large selection of both commercial and residential real estate in every price category. In recent years, experiencing a rise of the Lake Balaton and Hévíz. If in Hévíz proposal is somewhat limited, in the vicinity of Lake Balaton can be found in the principle of all: from castles to apartments in low-rise complexes. Property in south-western part of Hungary is in demand from the citizens of nearby countries, house prices in rural areas is quite low. "

From cabin to castle

Real estate offered by Russian buyers, mostly concentrated in the most attractive in terms of tourist places: near Hévíz, Lake Balaton and, logically, the capital. Many attractive opportunity in the morning to restore health healing water or a glass of legendary Tokaj and then walk along the lake or on the metropolitan promenade, admire the magnificent views.
If the requests are modest, and budget is low, the small country house in Hungary can be bought quite cheaply - for example, for € 17 thousand you will receive a one-storey building area of 66 square meters. m plot of land in the 26 hectare, 13 km from Lake Heviz: two rooms, connection to water and electricity, the ability to connect to the gas, an attractive tourist area. House more in the suburbs of Budapest, the Erde (rd) (20 minutes by car) - 113 square meters. m with a small area - cost € 117 thousand in this segment is to focus on the amount of € 70-120 thousand
But there are suggestions of another class altogether - four-story monument of the area of 1250 square meters. m in the center of Budapest, with its own parking and a 15 hectare site is offered for € 3,2 million, however, such objects is in Budapest - a rarity, since the center is built mainly of apartment buildings. Outside the capital can find a small castle (451 square meters. M) with two acres of their own hunting grounds and feel the landlord, paying a € 1,8 million

APARTMENT question

Buying an apartment in the heart of Hungarian capital for subsequent lease - a very profitable investment. Alevtina Savchenko said: "A couple of years ago came to us buyers who are interested in the elite real estate - homes and apartments for personal use - and their credit was not needed. But lately there have been customers with more modest financial means who are interested in low cost options for real estate with the prospect of rental housing. "

Apartment - for rent or for their own accommodation - you can buy, having a sum of € 40 thousand Needless to say, an apartment in downtown Budapest for about € 200-300 per sqm. m more than in the suburbs. Average price for the capital one bedroom apartments can be regarded as € 60-70 thousand € 62 thousand - the price of the apartment area of 36 square meters. m in a new building near the city park of Budapest, near Zuglo (Zuglo): Fully refurbished, parking in the basement and even the opportunity to take a bath with healing thermal water in your own home - that's what you get for the money. Flat area of 56 square meters. m two-bedroom high-rise building in downtown Budapest will cost € 93 thousand

Sure, the price depends on the quality of housing - the cost of an apartment in an elite new building will be higher than in a brick house with a budget interior decoration, without underground parking, even in the same area. Thus, the proposed semikomnatnye apartments in Budapest, fully decorated and furnished with two bathrooms and three kitchens and is currently leased. They cost € 430 million with an area of 202 square meters. m

Apartments in the vicinity of the warm lake of Hévíz, on average cheaper than in the capital. For example, the apartments are 41 square meters. m, located on the first floor of low-rise residential complex in the heart of Hévíz, only a few minutes walk from the famous lake, will cost you € 57,7 thousand, and thus you will even be your own garden. If you need more spacious housing - four-room apartment with total area of 71 sq.. m in a new brick home on 6 flats with parking in the yard will cost you € 89,5 thousand

Do you like Lake Balaton, or do you prefer luxury housing? Four-room penthouse area of 80 square meters. m, is located just 100 meters away from this beautiful lake, with balcony 120 square kilometers. m, will cost € 262,5 th And if you're looking for a budget option - you can look, for example, two-bedroom apartment of 54 square meters. m in a house built 1975 in Keszthely on the lake. The apartment requires some repair, but it is very inexpensive and - € 24 thousand
Incidentally, there is a legend that somewhere at the bottom of Lake Balaton is the church, and in the church crying bitterly young girl, and while the girl was crying - Lake Balaton dry.

Says Jaroslav Zimin, our countrymen prefer to buy just the apartment, often paying with cash: "Use or cash (in small amounts less than € 100 thousand) or transfer of offshore companies. Although it has noticeable steady trend towards the legal bank transfer. Demand for apartments is higher than at home. And that's not the price - the apartment is often more expensive homes - just in their homes to live permanently, take care of repairs, health ... And in the elite apartment complex owners need not worry about it: everything has been secured. Despite the crisis, high-quality real estate in the price fell. There are some concessions, but these cases are rare.

For Business

Also shown in the commercial property market and the choice of its very diverse. Depending on your preferences you can choose the scope of activities. If you like the hotel business, the mini-hotel with 8 rooms, with the house staff in Szentendre (Szentendre), a suburb of Budapest, with land and a private car park will cost you € 390 thousand If you dream of becoming a restaurateur, then buy the existing restaurant with an excellent reputation, located in the heart of the capital, will cost € 2,7 million (floor area - 562 square meters. m).
If you wish to start with something smaller - you can buy premises as a shop and renovate it to your liking (116 square meters. M per € 159 thousand in Budapest). If your plans are ambitious - three-story building with total area of 2,892 square meters. m, built in the XIX century in the style of eclectic and carefully renovated, ready to take ownership of the € 6 million (before the house was used as the temporary president of the Chamber of the Hungarian Republic).

Plots are also available on the market, although to a lesser extent than other commercial real estate. Foreigners can only own land for agricultural purposes. For example - an area of 3.3 ha plot, with the agreed project, located on Lake Tisza (Tisza), 100 km from Budapest, will cost € 1,3 million in the capital itself, of course, land is more expensive - 5,5 hectare in the heart of the city are offered for € 770 thousand

Documents and procedures

For the Russians at this point is valid visa to enter the country. In order to obtain short-term visa, you must have a passport, an invitation (registered in the Migration Service in Hungary) or a voucher, tickets and photographs. After receiving the Certificate of Registration of home ownership the owner can get a one-entry Schengen visa for up to 90 days, and multivisa for 1 year with the condition of uninterrupted residence in the territory of the Schengen no more than 90 days during this time.

Residence permit in Hungary can be issued if the record his own company in the country (the registration fee - about € 1,5 thousand), and obtain permission of the migration service. The company must work and pay taxes, and residence in this case is given to the owner and his family members (spouse and children under 14 years). A year later, you have the right to extend the residence permit (you can get a residence permit once in 3 years), and three years later - to ask for permission for permanent residence. Own real estate in Hungary - an important condition for the decision to grant such status. By the way, a residence permit to restructure in the last month of its operation, but no later than 15 days before the deadline. Citizenship can be obtained after eight successful years at the exam on the Hungarian language - one of the toughest in Europe.

Tax on acquired property in Hungary - a one-off. He is paid within 12 months after the transaction, and 2% for apartments and houses at a cost of up to 4 million HUF (approximately € 15 thousand at the rate of mid-November 2009). If the price of flats exceeds the above amount, the sum of 4 million HUF is taxed at a rate of 2%, and all that is over - at a rate of 6%. New value to 15 million forints (about € 56,5 thousand at the rate of mid-November 2009), tax exempt, if the amount of the transaction from 15 to 30 million HUF rate is 6%, and more than 30 million - 2% on the first 4 million HUF and 6% for the remaining amount. For nonresidential facilities, including garages and closets, the rate of 10% of the purchase price. Add that the purchase of land is taxed at 10%, but only if within four years it is not constructed object. Annual tax on real estate in Hungary does not exist.

Marina Kagan says: "Our company observes the increasing demand for apartments in resort areas in Hungary. Today, buying the Hungarian real estate is definitely a reasonable solution. Renting can bring profit to 6-8% per annum. In Hungary, respected the confidentiality of information about income and property owner. The rights owner is rigidly protected by law and can not be violated. Guarantee of investment is Hungary's membership in the European Union and the enforcement of its laws. "

By the way

Any real estate transaction is made with the participation of the Hungarian lawyer. The purchase procedure is as follows:
1. Conclusion of a preliminary sale and purchase agreement with payment of the deposit - usually 10% of project cost.
2. The deal pre-registered at the Land Management - so for the duration of the preliminary contract is fixed by the fact that this property has no other bidders.
3. Request is sent to the local municipality to permit the transaction. Consideration of a request is usually made within 6-8 weeks from the date of filing.
4. After obtaining permission from the municipality you pay the remainder of the then will conclude the final contract of sale.
5. Made the final registration of the object at the Land Office. Congratulations, you - the owner of real estate in Hungary!