Hungary, real estate for sale
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Visits and Transactions

  1. Do I have to pay for a look?
  2. How do I experience the exact costs of the real estate acquisition?
  3. When do I have to pay the purchase price?
  4. Which possibilities are there to pay the purchase price?
  5. Which warranty do I have that my money is only then paid off if I am in the land register?
  6. How long does it last until I am registered in the land register?
  7. When is the service fee due?
  8. How much is the service fee?
  9. What do I get for my money?
  10. When are the solicitors costs and fees due?
  11. When is the tax on real estate transactions due?
  12. Who much is the purchase tax on real estate transactions?
  13. Can I lose pre-payments?
  14. Authentication of passport copies
  15. Can I buy farm land?
  16. Usage right / usufruct
  17. Cash transfer into European Union
  • Do I have to pay for a look?
    Casa Mia has a look at the chosen objects with you. We dispatch one day for you, free of charge.
  • How do I experience the exact costs of the real estate acquisition?
    Casa Mia offers all prospective customers an unique online calculation service. To calculate exact costs at actual exchange rates, you need to sign in. If you made your decision for a certain object after having made a detailed visit you will get a written offer including all costs from Casa Mia. This calculation of costs is in compliance with the daily change-rates and shows you exactly which total costs you should count with.
  • When do I have to pay the purchase price?
    Casa Mia requires the payment of the purchase price on a trust account of the outstanding solicitor office Dr. Szabó Zsolt in Szombathely. The time of the date of payment is contractually regulated. However also different forms of the payment are possible. These are individual arrangements depending upon desire with that buyer and the seller. Please also read more about the procedure.
  • Which possibilities are there to pay the purchase price?
    The most common, simplest and most respectable form for both contracting parties is the trust account. The buyer transfers (or pays in cash) the purchase price to the trust account of the solicitor, this disburses the purchase price 15 days after land register entry (time for appeal) to the salesman. However also different forms of the payment are possible.
  • Which warranty do I have that my money is only then paid off if I am in the land register?
    By a trust contract with the buyer our solicitor are obligated, to only then disburse the purchase price if the entry taken place in the land register and applied the period for lodging an appeal. Occasionally we require an additional release explanation of the buyer of Casa Mia. Individual solutions are however possible.
  • How long does it last until I am registered in the land register?
    Presupposed the payment of the purchase price effected at the same time with the signing of the agreement, the time interval can be 40 days. This period results from the periods for the land register, the post office way and the duration of the solicitors treatment.
  • When is the service fee due?
    The service fee is due with the signing of the sales contract.
  • How much is the service fee?
    We account 3% of the purchase price for an successful obtaining - minimum € 1.000 an object, + 25% VAT (= € 1.250). Our service fee results of the number of plots, contracts, the minimum fee and the percentage fee.
  • What do I get for my money?
    The service fee includes the following services: Viewing of the chosen objects (1 day or 8 hours, also on weekends), organisation of the whole purchase procedure and transcription of the owner at local companies (gas, water, electricity). Organisation of an English speaking solicitor, company and advisory service and monitoring of the lawyer till the registration in the land register.
  • When are the solicitors costs and fees due?
    The solicitors costs, the fees of the procedure before the authorities, the tax and certificate of value, the land register excerpt and the costs of the certified translation are due during signing of the contract.
  • When is the tax on real estate transactions due?
    The tax on real estate transactions is usually prescribed at the year end by the SIGMA company Ltd. from Budapest.
  • Who much is the purchase tax on real estate transactions?
    The purchase tax on real estate transactions amounts to with houses up to a purchase price of HUF 4 millions. 2%, over it 6%. For holiday houses in specially proven areas (e.g. thermal spa places, at the Balaton e.g.) the tax on real estate transactions amounts to 10%. Likewise with trade objects. If you make a declaration with the purchase of housing estates in the sales contract to build within 4 years do not pay a tax on real estate transactions, otherwise to 10% of the purchase price. If you do not build then however, pay 20%.
  • Can I lose pre-payments?
    The sale price depends on the agreement of the parties. The contracting practice is to make a down payment (give caution money) to the seller. In case of performance in conformity with the contract the down payment will be set off into the sale price. The party who is responsible for the failure of the performance looses the down payment or repays it double.
  • Authentication of passport copies
    Since May 2005 the authentication of a passport copy by a Hungarian state notary is prescribed. Thus increases the costs of the contract slightly. The increase depends on the number of buyers.
  • Can I buy farm land?
    The acquisition of agricultural areas (e.g. arrable land, vineyards) by foreigners is not possibile conformal agreement with the European Union until 2011.
  • Usage right / usufruct

    The obligee of such a right (the beneficiary owner) is entitled to possess the property owned by another person. The obligee is a holder of beneficial use and enjoyment. A usufruct might be established by law, a resolution of an official body, a judicial decision or an agreement of the parties. The owner is only allowed to exercise the right of possession, use and enjoyment as far as the beneficiary owner does not exercise during the time of beneficial ownership. Usufruct exists irrespective of the change in the owner's person. Usufruct exists for a specific period of time but not after the end of the obligee's life.

    The commencement of beneficial ownership on the basis of an agreement follows in the case of movable properties with delivery of thing, in case of real-estate property is the registration of the beneficial ownership needed in the real estate register at the Land Registry. If the beneficial ownership will be commenced by a statutory official resolution or judicial decision, this right has to be registered in the Land Registry, too. If the registration fails, the beneficial ownership can only be enforced against a mala fide (dishonest) purchaser, or purchaser without consideration.

    The beneficial owner is obliged to exercise this right according to the rule of ordinary management and normal operations. He bears the costs of maintenance - except for extraordinary maintenance and reinstatement. The obligee also bears the costs of use, rates and taxes.

    During the existence of the beneficial right the owner can only exercise his rights to possess, use and enjoy his property, if the beneficial owner does not exercise his rights.

    Beneficial owner can not transfer his right of usufruct, but he can abandon to exercise the beneficial right. The assignment of exercising beneficial right in consideration can be only followed if the owner does not lay claim to use the thing on the same conditions.

    Beneficial owner has to return the thing at termination of usufruct. He is liable for damages, except he proves he acted as reasonable conduct under circumstances. Beneficial owner shall not pay devaluation of proper use.

    Owner is entitled to check exercise of usufruct. If the usufruct is being exercised improper, or beneficial owner damages the thing, or he endangers its return at termination, and the owner's protest does not lead to result, the owner can demand security. If the beneficial owner does not pledge security the court can suspend his right to usufruct till pledging the security.

    The beneficial owner has to inform the owner about imminent danger and actual damage. The obligee has to endure if the owner make to necessary steps in order to prevent the danger and to cancel the consequences of the damage. The owner also must be informed if third party restrains the beneficial owner in exercising his right.

    The beneficial owner has legal grounds for protecting possession.

    For clients who want to buy such a property we've prepared special, notarially authenticated agreements with a trustee.

  • Cash transfer into European Union
    Since 15 June 2007 new import regulations for cash transfer into the European Union are valid. During journeys into the European Union and from the European Union if cash in the value of 10.000 euro or more is carried, a registration is compellingly necessary at the customs authorities.

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Casa Mia Hungary Bt, H-9918 Felsõmarác, Fö út 66, phone 0036-94-789353, mobile 0036-70-6161093, fax 0036-70-9002522,
E-Mail: office@casa-mia.at
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