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    Hungarian and Bulgarian property, Why?

    Im back! Ive not posted in over a year! Just needed to share my joy in the new flat rate 16% income tax plan for 2013. This news alone will encourage investment here if only the Fidez government could get a little more credibility. Virtually no sign of recovery in USA yet ...
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    long term consequences- bad credit rating, court proceedings of defaulting overseas

    Re: long term consequences- bad credit rating, court proceedings of defaulting overse I suspect this is not quite the case, for example I do not believe it will show on your credit profile here. Thus it will not impact your life as much, since defaulting on it wont effect your UK credit...
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    Corporation Tax - Companys holding Property In Hungary

    DOES THIS EFFECT YOU? PwC Alert - Hungary Parliament approves major change in property tax rules Wednesday, July 8, 2009 08:53:00 AM There is one major change in the real estate industry-related tax rules in the bill as accepted by Hungary's Parliament compared to the original text of the...
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    Tax changes in Hungary - do they effect your plans?

    VAT changes +5% as of 1st July. The rate of corporate tax will be upped to 19% from the current 16% up until 2011 and tax allowances will be curtailed as well. The 4% special tax for corporates will be scrapped. (For those with property companies) The government also plans to levy a 30%...
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    Best time to sell Budapest apt: Local and UK CGT, adopting the euro, market etc?

    The adoption of the euro is the key thing here, in the past - when other countries have adopted there has been significant increases of prices the obvious example being Ireland. After Euro adoption house prices were for all intents and purposes 20% higher. Of course just because this has been...
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    Hungarian and Bulgarian property, Why?

    This is exactly why I didnt buy in Bulgaria or like places. For sensible investment you should always stick to capital cities and in places that are not ramped up by property speculators. Very few companies were pushing Hungary or Budapest. Budapest prices are / were 20% below most other...
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    snagging and property management in Budapest

    Or - you could try to do what I did - found a long term tenant based on furnishing it to their tastes (my agent did it - not me personally). They say you need to replace furniture every 4-5 yrs, if the tenant likes the furnishings that they had a say in choosing then they are more likely to...
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    Hungarian and Bulgarian property, Why?

    Due to the delay in new build projects in Budapest due to financing issues, the oversupply of new build property will soon become an undersupply which will force prices higher. It must be so for it to become profitable to build them once more. Also consider the availability of land for big new...
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    Unicredit Restructuring

    Anyone out there getting a Unicredit Mortgage? Just thought I would pass on some information that the Unicredit Mortgage Bank in Hungary has closed and that all the mortgage applications have been spread around the various UniCredit Corporate branches throughout Hungary. Not good when you...
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    Rental Property tax in Budapest

    I believe the tax rules have changed this year, and yes you can claim expenses with the 18% option - at least that is the same impression I got whilst speaking with my accountant.
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    budapest raday 1 or 2 bed

    That is a nice apartment! Do you do an all inclusive deal - services included price, you know many corporate clients like to do it that way.
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    HUF Exchange Rate

    Certainly not, Opinions are just that - your opinion or mine, anyone would be foolish to listen to one point of view. The point is that all points of view must be heard or no balanced conclusion can be made. Be aware that the consensus view is often wrong - especially when predicting the...
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    HUF Exchange Rate

    Between now and 2010 the HUF WILL strengthen against the EUR - as it must do to be able to enter the EMU-2 The pretense holds true - HUF will strengthen against EUR for EMU 2 entry. But the timing is a little out due to the credit crunch perhaps. Property investing is not an exact science...
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    HUF Exchange Rate

    I disagree, Euro is going to fall heavily over the next few months against all other currencies, except maybe the Yen, the Hungarian Central bank is committed to prevent further falls in HUF, the combined effect will cause an incease value of HUF to the Euro. The question is what will be the...
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    Hungarian and Bulgarian property, Why?

    Perplexed, Me too, I would love to live in Budapest. I recently stayed in the Baross Hotel near Keleti station for 280 Euro for 11 nights!!! (amazing deals if you book online). Martin77 I would be happy to go into figures - Im up to my ears in Figures right now since I am completing on one...
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    Hungarian and Bulgarian property, Why?

    OK well if you dont like those explainations then consider this. 1. 95% of the population own their own houses with very little or no borrowing. 2. Very little property ramping from international speculators thus the low prices. Also if you understand property cycles then you would...
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    Hungarian and Bulgarian property, Why?

    Why NOT England or Ireland. 1. Property prices WILL continue to fall for another 3 yrs MINIMUM. 2. Prices will not RISE until until 2014. Why buy a non-performing asset and hold it in an high inflationary period (yes high interest rates and inflation are on the way!). People do not think...
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    HUF Exchange Rate

    Also consider a zero account with Citibank, since there are no charges at all for the account if you have more than x balance or x income into the account on a monthly basis. Also you can have as many accounts as you like, and u get one debit card that can access all of them. Its a new account...
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    Hungarian and Bulgarian property, Why?

    Consider those prices on that website are in Euro and were based on a exchange rate of 266 florint to the Euro ... then consider the actual exchange rate is over 300 florint to the Euro now. Those prices are out of date my friend. However Hungary doesnt really have a house price index and thus...
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    Hungarian and Bulgarian property, Why?

    Rekhib, Have the tenants you have had been good tenants? Paid rent on time and not destroyed furnishings etc? Im probably going to be letting to students also. I suppose one good thing is that you are more likely to get a non smoking tenant if you rent to foreign students on medical courses.
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