Popular Estate Agencies
- Duna House: One of the largest real estate companies in Hungary, with over 30 years of experience. They have a wide range of properties available, including apartments, houses, and commercial properties. They also provide services such as property management and investment advice.
- Engel & Völkers: An international real estate company with a branch in Hungary. They specialize in luxury properties and offer a wide range of services, including property management, relocation services, and investment advice.
- Otthon Centrum: One of the largest real estate companies in Hungary, with over 25 years of experience. They have a wide range of properties available, including apartments, houses, and commercial properties. They also provide services such as property management, investment advice, and mortgage brokerage.
Qualifications and Licenses
Estate agents in Hungary must be licensed by the National Association of Real Estate Agents (NAREA). In order to obtain a license, the agent must pass a qualifying exam and meet certain experience requirements.
Estate Agent Fees
Estate agent fees in Hungary typically range from 2-4% of the sale price, with the seller usually paying the fee. However, it is also common for the buyer to pay a fee as well, especially in the case of new construction properties. It is important to note that commission fees are negotiable, and it’s a good idea to shop around for the best deal.
Property Listings
- Otthon Centrum: https://www.otthoncentrum.hu/en/property-search
- Engel & Völkers: https://www.engelvoelkers.com/en-hu/property-search/
- Duna House: https://dunahouse.com/property-search/
- Ingatlan.com: https://www.ingatlan.com/en/property-search
- Magyar Ingatlan: https://www.magyaringatlan.hu/en/property-search
Use of Buyer’s Agent
The Use of a Buyer’s Agent is not common in Hungary. However, there are some real estate companies that offer this service to their clients, but it is not a standard practice. There is no specific qualification or license required for a buyer’s agent in Hungary.
Organizations for Foreign Property Buyers
- American Chamber of Commerce in Hungary: https://www.amcham.hu/
- British-Hungarian Chamber of Commerce: https://www.bhcc.hu/
- German-Hungarian Chamber of Industry and Commerce: https://www.dihk.hu/
These organizations can provide valuable information and support to foreign property buyers in Hungary, including information on legal and financial matters, as well as networking opportunities.