What do I need to know before moving to Hungary?

"I would recommend hiring a good lawyer or finding a real good real estate agent who can guide you into the best building, if you plan to rent. I purchased my flat and I could not be happier. Even though prices have gone up lately, one of the best things is the lack of property tax, which in the US can be thousands or even tens of thousands of dollars a year. I rented for the first year before I decided to buy, and there are many nice apartments in Budapest. Most of the rental apartments here are fully furnished. Also, be aware that they do not distinguish "bedrooms" from other "rooms." So, if you want a two bedroom apartment you need to look for an apartment with three rooms (two bedrooms and a living room). The kitchen and bathrooms do not count in that calculation. In Budapest there are a lot of Airbnb apartments, so it would be good to stay away from buildings. Also, there doesn't seem to be regulations regarding businesses verses residents, so you might find a business in one of the upper floors of a building. But again, a good real estate agent or lawyer can help you figure that out," said a member in Budapest, Hungary.

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SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.

"Stay away from the party districts unless you want to party. Those would be in the center of the Pest side of the city. Traffic is bad and loud as are the tourist. A good area is District 1 right under the castle. Consider using the public transportation when you choose your place. It's only about 35 usds per month and you can use anything; bus, tram, metro, and short train routes. Parking will be expensive if you can get a permit and a garage is hard to find as is an apartment with parking," remarked another expat who made the move to Budapest, Hungary.