Updates

Electronic land registers?

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...

Can owning your own property really become a luxury?

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...

INSTITUTIONAL SCOPE (October 2024)

At the end of the month, there were more than 147,000 flats and houses for sale, an increase of 1.2% compared to the previous month. 2024. szeptemberében országszerte több mint 280 ezer telefonos érdeklődés érkezett az eladó lakóingatlanokra. Havi szinten ez 6 százalékos erősödésnek felel meg. Housing market activity is expected to continue to pick up in the short to medium term due to...

REA (Real Estate Agent) SUMMIT 2024

On September 18, 2024, one of the most important professional meetings of the domestic real estate brokerage sector was held, where key players in the market shared the latest market trends, as well as analysts' expectations for the year 2025. A key theme was the challenges and opportunities of digital transformation in the profession, including the use of AI technologies in sales. We also gained insights...

Land registry fees increase

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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