Yes, from 15 January 2025, the E-ING, or e-Registration of Real Estate, will be launched. The primary aim of the new platform is to reduce the turnaround time of land registry procedures and optimise operations by introducing a more modern structure. Some of the things you already know about the system: - the current paper-based administration will be replaced by electronic administration and the...
The housing price index for the second quarter of 2024 was published by the Hungarian Central Statistical Office. Overall, there were no price changes compared to the first three months of the year. The net change in the price of second-hand dwellings was 99.9%, a slight decrease, while the price of newly built dwellings rose by 0.8% over the quarter. 2023. II. negyedévéhez képest azonban 9,8...
So far, properties are spending more time on the market than last year's average, but the rate of rotation is approaching that of a year ago. As in the previous months, the fastest sales in the first eight months of this year were of flats in prefabricated housing, which took an average of 87 days to sell, while brick houses took 109 days and houses 184 days to sell. For all three types of...
The supply of new housing has increased to levels not seen for a decade and a half in the national market, which has also had a positive impact on prices. In mid-September, more than 8,100 new apartments and houses were offered for sale in the country, a level not seen in a decade and a half. Increased competition on the sell-side has also brought a positive change in prices for buyers. In Budapest, for...
As simple as the question is, the answer is complex. One of the key elements of a credible answer may be the income generated by the rental of the property and its evolution over time. Have rents for residential property increased in the last 1 year? The attached charts (August 2023 vs. August 2024) show a clear price increase in rural areas, except Szolnok, Szekszárd and Kaposvár, and in...
WHAT IS THE CSOK PLUS? The CSOK Plus is a state-subsidised loan with an interest rate of up to 3 percent.The minimum amount that can be applied for is HUF 2 million, and the maximum amount is determined by the number of children already existing and those to be born in the future. WHAT IS THE AMOUNT OF LOAN YOU CAN APPLY FOR? The CSOK Plus loan is available in amounts of up to HUF 15, 30 or 50...
- Available from 03.06.2024, it can be applied for until 31.12.2025, but will end earlier if the available budget is exhausted before the deadline. - a total budget of HUF 108 billion is available, from which the state finances grants and interest-free loans - the maximum budget for the investment is HUF 7 million, of which the total home renovation grant plus the co-payment may amount to a maximum of...
Pursuant to the Decree 6/2024 (28.VI.) of the Cabinet of Ministers, the fees for land registry administration will increase by 60% on average from 29 July 2024. The increase will affect anyone who buys or sells property, makes a gift or takes out a loan. The new fees also include fees for online and in-person transactions. However, the good news is that individuals can continue to download the certified...
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