How to Reduce Risk as a Foreigner When Buying Property in Hungary

Hungary is becoming increasingly popular among foreign property buyers – whether for investment or personal use. However, local regulations, language barriers, and market specifics can create serious risks. These tips will help make your purchase safer.

1. Choose a reliable real estate agent

As a foreign buyer, it is crucial to work with an agent experienced in handling international clients. A professional agent not only shows properties but also coordinates the entire process, maintaining contact with lawyers, notaries, and translators.

2. Never buy without a lawyer

In Hungary, the purchase contract must be countersigned by a lawyer. For foreigners, it is especially important that the lawyer:

checks the land registry,

ensures there are no encumbrances or ongoing legal disputes,

secures deposits and purchase payments through escrow.

3. Prepare for a permit procedure

Non-EU citizens need approval from the local municipality to buy property. This involves extra time and paperwork, which should be planned for. An experienced lawyer or agent can help speed up the process.

4. Check for hidden costs

The purchase price is not the whole story. Foreign buyers often face extra costs such as:

translation fees,

notary fees,

escrow account costs,

taxes and duties.
It’s wise to prepare a detailed cost plan in advance.

5. Use professional interpreters or translators

Do not rely solely on your own language skills or online tools. Even a small misunderstanding can cause serious financial losses. Accurate translation of contracts and legal documents is essential.

6. Think about your future plans

If you are buying for investment, assess rental potential, neighborhood development, and market trends. If buying for personal use, consider residency permits, long-term visas, and other administrative requirements.

Conclusion

For foreigners, buying property in Hungary offers great opportunities, but it requires careful preparation. You can significantly reduce risks by working with a reliable agent and experienced lawyer, checking documents thoroughly, and recording everything in writing. This way, your purchase will be not only successful but also safe.