CE Invest Group

Yes, we have come full circle, it is a buyer’s market again. At times apartments will sell for 10-15% less than the advertized price. Sellers will frown, but the current economic conditions are on the side of the buyers and CE Invest is ready to assist in the negotiation process.

Between 1 – 1.5% of the purchase price. The fee covers drawing up the contract; verifying the information on the property, the identity of the seller as well as buyer; handing in the purchase documents to the Land Registry; and following through until new ownership is registered. Legal fees in Hungary are paid in advance [...]

We offer a “no sale no fee” policy and our all-inclusive Estate Agency Fee includes FULL assistance throughout the purchase process with no up front costs or hidden charges. Agency fee is a success-related fee due after preliminary contract or purchase contract has been signed by seller and buyer. It includes the following services: Investment [...]

Property tax is payable every year to the local government (local municipality). It is based on square meter area. The tax varies from town to town, in many places there is no tax on residential property, unless it is rented to a business.

Property tax is very low, compared to Western European standards. It is based on the land area the building occupies, so it mainly concerns large industrial facilities, warehouses, office buildings, shopping malls (commercial property). In the districts of Budapest residential buildings share the tax payable among the tenants in a building, which comes out to [...]

It is not required. However in most Budapest buildings a certain amount of insurance coverage is included in the mandatory common costs payable to the building. When taking a bank loan, it becomes a requirement. CE Invest will not manage apartments without a valid homeowner’s insurance. There are reasonable annual insurance packages which are tailored [...]

According to Act CXVII of 1995 on Personal Income Tax, there are three ways of calculating and paying income tax on rental (for private persons). The first method, called Source Tax, is simply deducting 25% of the rental income, submitting a tax return, and making the payment every quarter. The second method, called Combined Income [...]

April 21, 2010 As opposed to the situation in the neighboring countries, mortgage conditions have improved over the past 6 months in euro-zone Slovakia. Banks are offering government-subsidized mortgage products, preferential interest rates, discounted fees, “mortgage within 24 hours,” attractive re-financing options, and gifts like an LCD TV. The result is a lively property market. [...]

The Budapest metropolitan area, population of 3 million, is the largest commuter area in Central-Eastern Europe