Real Estate Financing

Real Estate Financing and Mortgages

Capital Real Estate in conjunction with Ganesha Global Kft. can now help you with property mortgages. The Ganesha Global Finance Department is headed by Gabor Vitanyi, he has over 4 years experience in the Hungarian banking and financing sector. Gabor is contracted with OTP, Raiffeisen, CIB, Aegon, K & H and Erste banks. He will be able to assist you in gaining financing using your first property, existing real estate to either achieve a 100% LTV on subsequent property investment or refinancing your current property. Regarding the loan-to-value (LTV) ratio this offer is the best on the Hungarian market for foreigners.


  • As the offer is a so called low-documentation loan, no income statements/information are needed thereafter the application process is as simple as possible and as fast as possible.
  • In case of foreign individuals this offer has the lowest fees and costs.
  • The mortgage can be paid back anytime without huge penalties, only a one time fee of € 250 or 1,5% of the loan amount has to be paid depending on the bank.
  • The following documents are required for the submission of the loan application:

  • Personal identity document (Passport), an official document certifying personal identity number/residential address (Drivers Licence) unless these are contained in the personal identity document
  • Utility bill no older than 3 months
  • Another certificate with photo
  • Passport
  • Tax ID card or National Insurance Card (Hungarian and/or foreign)

Other information required

List of documents requested by the Bank

Unrestricted use

  • Power of Attorney authorisation to arrange the loan on costumer’s behalf
  • Certified Ownership Certificate of current status of the property no older than 15 days
  • Bank application form
  • Current map of the property in the case single dwelling/ house or plot of land
  • Personal bank account in Hungary
  • Property Insurance Policy

Property purchase
As above but with the addition of:

  • Purchase Agreement /Sales agreement registered and approved of by the Land Registry Office(including mailing address)
  • Certified Ownership Certificate of current pre-registration status of the property no older than 15 days
  • Agreement of Deposit with Solicitor Escrow Account

Residential Mortgages for Hungary

What is covered?

  • Purchase of houses, apartments and freehold land are available for individuals.
  • Unrestricted use
  • Refinancing

Loan to Value:

  • 50% - 80% of the market value (in some cases it can be 100%)

Maximum Loan Amount:

  • None

Interest Rates:

  • Euro: 8.7% -9.7% (including bank administration fee)
  • Swiss Franc: 5.5% - 8.2% (including bank administration fee)

Maximum Term & Age Limit:

  • 25 - 35 years (not more than 68 years old at maturity)

Currencies Available:

  • Euro, Swiss Franc or Hungarian Forint

Prepayment Penalty:

  • € 250 or 1,5% of the amount of the current loan depending on bank
Total Loan Index (A.P.R.)
  • 6.31% - 10.29%

General fees to consider

  • Submission of documents
    • Ganesha Global loan arrangement fee € 200 + V.A.T. (non-refundable)
    • Valuation expert for property appraisal € 120 / property
    • Ownership Certificate € 18 / property
    • Current map of the property in case € 12 / property single dwelling/ house or plot of land
  • Payment structure for loan arrangement
    • Ganesha Global success fee € 1000 + V.A.T. or 1.2% of the financed amount whichever is greater
    • Notary fee according to the amount of the loan € 200 - € 600
    • Interpreter € 150 - € 200
    • Registration fee for Land Registry Office € 50/ property
    • Bank administration fee 1.5 % - 3 %
    • Property insurance from € 8 / month

Did You Know?

The average price of good, centrally-located properties in Budapest is estimated to be between €1 300 - €2 000 per m².

Foreign Investment

Hungary gets nearly one third of all foreign direct investment flowing into Central Europe, totaling more than US$185 Billion since 1989.

Strategic Location

Budapest is a popular location for large multinational companies, over 45 of the 50 blue-chip multinationals are located here.

EU Funding

€22.6 Billion of EU funding currently being invested in the Hungary, improving country's infrastructure.