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Hi Goranz, The "common cost" is the condominium expense. The condominium expense is the cost of "running" the building as a whole including the common parts eg stairwells, lift, etc, as distinct from the cost of "running" the apartment (eg the utilities). It will comprise, amongst other...

Hi UKPete, Welcome to AAM! You might want to see the discussion towards the end of this thread: http://www.askaboutmoney.com/showthread.php?t=50985 I appreciate that you are dealing with a different developer (Kofarago Rt), but I am aware that Erste do have very specific requirements for...

Do not despair! In the case of Marina, I am aware that there are a number of different banks that have been willing to finance apartments. In my case Erste Bank. I can tell you that this is Erste Bank's first experience of working with Autoker in relation to new-build and it may be the last...

Hi ketelkedo, The pro-forma form I referred to was not provided to me initially. I visited the apartment last week to get a clearer picture of what was going on, and it was then that I discovered the true extent of the snagging. At that stage I asked Autoker to send me the snag list compiled...

Hi ketelkedo, Who did you appoint to perform the technical checking and handover? Did you use Autoker's recommended agent, or an independent agent? The technical checking stage is really the "defining moment" at which Autoker is put on notice of snagging. From my experience with this...

Hi Jrar, I was in a similar position to you, looking for a rental and management company to deal with my new-build apartment. The property is in District XIII. Have you considered using BPartner (www.bpartner.hu)? My dealings with them are at an early stage, but to date I have found them to be...

Hi Pinchy, One way of getting international exposure is to get your property listed on www.rightmove.co.uk. The best way to do that is to place your property with a Bp agent that advertises on the site - for example Gateway Properties, who are based in Bp (www.gatewayproperties.co.uk). I have...

Ertem, I understand!

szivesen, Hungary (by the way I don't have all the vowels you have, so apologies for any misspellings).

Auto320, that's great to hear that it's not just me! Sajnos, csak egy kicsit tudok magyarul!

I would eliminate MKB from your list of options. Their internet banking package is very unreliable in my experience. The system relies on an intricate password based authorisation and floppy disc "key". When that goes wrong, very few people at the branch speak English, and those that do ask you...

My understanding is that garages and store rooms are subject to stamp duty at 10% because they are not classed as "residential" property, unlike the apartment. It doesn't matter whether the store room is next to the apartment or in the parking hall.

Many of the classical buildings in Budapest, (eg District V) are registered as historical monuments and protected. Many of these buildings are quite simply incredibly beautiful, and are really "one-offs" the like of which will just not be re-created. In District V, they also enjoy a prime...

Hi Walsh101, Yes, I can recommend a good accountant in Budapest. His name is Peter Kovacs of Sananna Accounting and Consulting. You don't say whether you are letting property as an individual or as a company (Kft). Peter will look after you: he is proactive, and a great communicator. If you...

Are you saying that the projected yield on your unit has materialised?

I agree with the previous poster, and would add that the same can now be said for District 2 and the vinorahdy/zizkov area (District 3).

If you look on page 1 of this thread, you will find the "30 minutes", which is what I believe auto123 was referring to, and which you seem to endorse. How quickly? Is speed a sine qua non of successful property investment?

Is a simple procedure a sine qua non for successful property investment? How simple?

Yes, the rules in this area are certainly complex and I agree with the previous posters that it is imperative you seek professional advice on this one. By careful planning with the PPR election (which is a precursor to getting the PPR relief) it may still be possible to make significant tax...

If you are still looking for a good, independent surveyor I can strongly recommend Mr Ervin Molnar-Tarjan at Piraton Komplex Kft. If you e-mail his assistant, Ms Agnes Joo, on [email protected], she will let you know what services they can provide and at what cost. I have always found...