Property purchase costs in Hungary compared to Europe
Hungary: Round trip transaction costs (%).
The total cost of buying and then re-selling a residential property, including all costs (except the sale price itself), expressed as percentage of the property value.
- The property is purchased by a non-resident foreigner in the country where he/she is buying
- The property is worth US$250,000 (250,000 for Europe)
- The property is paid in cash
- The property is a condominium located in a major city
- The property is not newly-built
- The property is bought from an individual and not a developer or real estate holding company.
Transaction costs can be broken down into four major cost areas:
- Registration costs
- Real estate agent fees
- Legal fees
- Sales and transfer taxes
Other incidental costs (survey fees, residency permit cost, or company setup costs), are not included in our calculations. In most cases value added tax (VAT) is not included, because our figures reflect the purchase of old, not new, properties.
Costs paid by buyers and sellers vary widely. Agents and lawyers costs are often negotiable. Buyers of expensive properties often pay proportionately lower agents fees. For the full spectrum of possible transaction costs see the Country | Buying Guide.
For fuller details see the Data FAQ.
Source: Global Property Guide Research
Hungary publishes quarterly statistics on house, from the Hungarian Central Statistical Office (KSH). The FHB Mortgage Bank publishes a quarterly house price index and Otthon Centrum has annual house price statistics. General economic statistics for Hungary are available from the Central Bank and the Central Statistical Office.