What are the respective pros and cons of buying as a private individual or as a company?
If you buy your property as a private person, there is always the tiny possibility that the solicitude will be denied, although it is very unlikely. Normally, it will take up to 3 months. In case it will be denied, you can still establish a Hungarian company to purchase the property. The only real disadvantage of buying as an individual is that you are limited to purchasing just one property. One big advantage of buying property in Budapest through a company is that it saves time and you will be able to write off any expenses relating to the property, for example travel, purchase stamp duty, renovation costs, utilities, etc. Furthermore, no purchase duty has to be sold, if you acquire a property through a company, since the company can be sold along with the property. However, an important disadvantage is that you the company will require an accountant and that an annual report has to be given.
