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Select one of the frequently asked questions below to learn more about real estate market in the City. Investing, renting, property management, and the Szeged…

State administration

The President of the country, elected by the National Assembly every 5 years, has a rather ceremonial role. He represents the nation’s unity and safeguards the democratic functioning of state administration.                                                                                                                                    The Prime Minister selects cabinet ministers and has the exclusive right to dismiss them. Each cabinet nominee must be formally approved by the president.                                                                                                                                                                                                                             The unicameral, 199-member National Assembly is the highest organ of state authority and it initiates and approves legislation sponsored by the Prime Minister. National parliamentary elections are held every 4 years. A party must win at least 5% of the national vote to form a parliamentary group.

About the Szeged city

Szeged
City in Hungary
Szeged is the third largest city of Hungary, the largest city and regional center of the Southern Great Plain and the county seat of Csongrád county. The University of Szeged is one of the most distinguished universities in Hungary. Wikipedia
County‎: ‎Csongrád
Area code‎: ‎(+36) 62
Country‎: ‎Hungary
Area280.8 km²
Weather3°C, Wind NW at 18 km/h, 100% Humidity
Postal code6700 to 6729, 6753, 6757, 6771, 6791
Population162,607 (2015) UNdata
Local timeThursday 3:15 PM

Types of building

Buildings in Hungary according to ownership:

  • Own ownership of property (House, flat): The property belongs to the owner. The owner buys the ownership of property and can rent, buy, sell and manage the property as anywhere else in the world.

State ownership of property (House, flat): This kind of properties is just for Hungarian citizens. The property belongs to the state ( practically the organization which manage the properties of government in the city, like IKV in Szeged). The owner buys the right of use of a property and can rent, buy, sell and manage the property (only with the permission of state). The buyers of such properties pay for buying the right of use and every month a rent to the state.

Buildings in Hungary according to the heating method:

  • Own heating system: The property has own water, gas, electricity clocks and you pay for what you use.
  • Common heating system. The property has just had electricity and water clocks and there is fix fee for heating for all the year (12 months).

Buildings in Hungary according to Style:

  • Panel flat (Panellakás): The mass contract flats with mostly fix fee for heating
  • Classic style flats (Polgári lakás): Mostly belongs to first of 20th century or even older, some have renovated (once or a couple of times). You can find these kinds of buildings mostly in the city center. The significant character of these properties is high ceiling (4 meters or more) rooms and a wooden floor (parkette).
  • New style buildings according to Eu rules, with very well heat isolation, all the modern characters of new buildings.

Question about renting

For renting a place there is three-factor which help you to find the right property.

PRICE, LOCATION or QUALITY?

We recommend somewhere with the highest percentage of all these factors, and we do our best for finding the best flat for you in the shortest time. If you let us know the time of your arrival, you don’t even need to stay at the hotel. Our translators and lawyers will support you till the last day of staying in the flat (24/7). All our flats are fully furnished and have internet and cable Tv connection. (some of the flats have satellite receiver). Our aim is to offer accommodation for any category of price for renters (in Szeged, renters are mostly students) Our lease contracts are drawn up by our legal department utilizing the services of an expert property lawyer. Leases are usually either in HUF or in Euros. Most leases in Szeged tend to be for at least one year. The contracts are for an indefinite period on a year to year basis. Our leases require that the tenant deposits a security deposit of at least 1-2 months of the rental value and if the lease is resigned that the tenant return the property in the condition it was in when they first took it.

Question about buying

Here are some of the things that make Hungary a fabulous place to live:

  • Value For Money

Hungary is probably over 60% cheaper than the UK and Ireland. House prices are a fraction of UK and Irish prices. Properties on offer in Hungary are just no longer available in the UK & Ireland. Similar properties throughout the rest of Europe are typically more than 3 x Hungarian prices

  • Higher Interest on bank Savings 

Savings in Hungarian banks, are almost double that of the UK & Ireland. Also, as with the rest of the EU, you are insured through Europe up to £85,000 for a single account holder, £170,000 on a joint account. You are entitled to a Hungarian bank account as a property owner.

  • Climate

Hungary is around 8 degrees hotter than the UK & Ireland in summer, with around 50% less rainfall. Its still 8 degrees cooler than Spain, so if you would like to see a bit more of the sun, but find Mediterranean heat oppressive, then Hungary might be for you. See our dedicated climate page for more information on summer, spring, winter and autumn climate statistics.

  • Freehold

All the property we sell has the absolute title in your name and an existing, established property. There is consequently no buying off -plan and no leaseholds in blocks of flats that have dubious title over the land. The land and property are yours and its freehold.

  • Health

Emergency Healthcare is free for all EU citizens in Hungary. Obtain an EHIC card before you travel

  • Accessible by Air

There are more than 150 of these flights a week meaning that you can see your family back at home whenever you want and they can visit you cheaply as well.

  • Property Value Appreciation

Property prices in Hungary are dramatically undervalued when compared with the rest of Europe. Has consequence prices of properties in the Lake Balaton area have risen by approx. 6% per annum over recent times. Hungary did not experience a property boom like the rest of Europe in the period 2000 to 2008. Similar properties in neighboring Croatia are approx. 3 times more expensive and Austria the difference is even greater.

  • Free Travel

Over 65′s travel by rail and bus for free in Hungary and as an EU citizen so do you.

About the Hungary

Hungary
Country in Europe
Hungary is a landlocked country in Central Europe. Its capital, Budapest, is bisected by the Danube River. Its cityscape is studded with architectural landmarks from Buda’s medieval Castle Hill and grand neoclassical buildings along Pest’s Andrássy Avenue to the 19th-century Chain Bridge. Turkish and Roman influence on Hungarian culture includes the popularity of mineral spas, including at thermal Lake Hévíz.

Property management questions

Property management was formed for the purpose of managing rentals and Sales of residential properties. Our goal is to provide quality and cost-effective property management and leasing service to ensure both owner and tenant satisfaction.

In order to achieve our goal, we give each property individualized attention during every phase of management and strive to maintain a low vacancy rate and quick turnaround time on vacant units, despite unfavorable market conditions.

We take full ownership of all the daily management tasks associated with managing a property. We supervise the tenant to ensure due care is taken of the property, make sure all bills are paid on time and provide a full and transparent cash flow to clients to allow them to see the status of their property’s cash balance at all times.
We provide an in-house handyman and Cleaning team to replace or repair general items and deep cleaning at any time. All major repairs/cleanings are first consulted with the client before proceeding.

Emergency numbers

Emergency

General emergency service 112
Police 107
Ambulance 104
Fire service 105

What is 112?

112 is the European emergency number in all 28 EU member states, as well as other countries in Europe and elsewhere. People in distress can call 112 24/7 to reach the fire brigade, medical assistance, and the police. The European emergency number is free and can be reached by landline phones as well as mobiles.