Archive for March, 2010
Frequently Asked Questions
What is the capital gains tax? Tax on rental? How much is the stamp duty? Is there VAT to be paid? When will there be euros in Hungary? …
Housing in Budapest
2010 statistics by Otthon Centrum and Ingatlan.com show that the average square meter price of apartments in Budapest has dropped below the psychological 350,000 HUF (1310 EUR/m2) threshold. This means the typical price of a studio apartment is around 10 million HUF (37,425 EUR). Note this is a city average, including remote outer districts as [...]
Financing – Buyer Prospects in Hungary
On March 1 the Hungarian government has maximized the loan to value (LTV) on mortgage loans, setting a 75% limit in case of Hungarian forint (HUF) loans and 60% in case of euro loans. Swiss francs and other currency loans cannot exceed 45% of the value. These percentages apply to the value of the property [...]
