Hungary
Day to Day Living in Hungary
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Day-to-day Living in Hungary
To legally drive in Hungary, the driving licence of your home country will need to be officially translated. In addition, you will need to undertake and pass a number of exams, which are:
- Medical exam
- First aid exam
- Technical exam
When these exams have been successfully completed, the application for the naturalization of your driving licence can be submitted to the local Vehicular Supervisor Authority. You must include a valid residence permit and your original driving license in your application.
Buying property
The capital of Budapest is an appealing location for foreign investors. The Danube river which runs through the city is part of its appeal. If you are looking for a family home, houses in established neighbourhoods are generally more suitable, particularly as an investment property. The value of older properties like these is steadily rising.
Foreign nationals form a large number of those buying apartments in Hungary in the major cities and urban areas. As a result of Hungary's successful entry into the EU and its burgeoning economy, foreign nationals are increasingly being attracted to the country, as a result of its business opportunities and economic strength. Hungary is one of the cheaper European cities in which to buy property, but with its growing economy, this could be set to change.
EU and EEA citizens who have been living in Hungary for at least four years are able to purchase residential property in Hungary without needing to obtain a permit. Otherwise, special permission is required, even for EU nationals.
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