Objective: Provide a general understanding of Hungary’s real estate market, including key players, market trends, and historical performance.
Content:
Overview of real estate market structure
Current market trends and opportunities
Key cities and regions of interest (Budapest, major industrial hubs, tourism zones)
Importance: This session establishes a foundation by helping participants understand the macro-level dynamics of the market, including opportunities and risks. It helps them make more informed decisions in later stages.
Objective: Familiarize participants with the legal requirements, restrictions, and processes in purchasing or developing real estate in Hungary.
Content:
Hungarian real estate laws (including foreign ownership restrictions)
Zoning and land use regulations
Permitting processes for property development
Key governmental bodies and their role in real estate transactions
Importance: Understanding legal compliance is critical to avoid delays and legal challenges in real estate transactions. This ensures smooth transactions and compliance with local regulations.
Objective: Educate on different types of real estate investments and which opportunities are most lucrative.
Content:
Residential vs. commercial properties
Office spaces, retail, industrial, and logistics centers
New developments vs. existing properties
REITs and real estate funds
Importance: This session provides a deep dive into the various sectors of real estate in Hungary, enabling participants to identify which type best fits their investment strategy.
Objective: Explore financing options, risks, and the financial metrics involved in real estate investments.
Content:
Mortgage loans and bank financing in Hungary
Investment partnerships and syndicates
Financial metrics: ROI, cap rates, and IRR
Managing investment risks (inflation, vacancy rates, etc.)
Importance: Understanding financing structures and their risks is critical for making sound investment decisions. The participants will leave this session equipped to explore financing options with confidence.
Objective: Teach the importance of conducting thorough due diligence and property valuation.
Content:
Key steps in the due diligence process
Hiring and working with local experts (lawyers, notaries, engineers)
Environmental and structural assessments
Valuation techniques: market comparisons, income approaches
Importance: Proper due diligence ensures that the investment is sound and free from legal, structural, or environmental issues, minimizing the risk of unforeseen costs.
Objective: Navigate the tax environment and understand how to leverage tax incentives for real estate investments.
Content:
Property taxes, capital gains taxes, and VAT in Hungary
Tax-efficient structures (holding companies, special purpose vehicles)
Available tax incentives for foreign investors (e.g., in underdeveloped regions)
Importance: This session ensures participants are aware of their tax liabilities and opportunities for minimizing them, which can significantly impact the return on investment.
Objective: Explore the most effective ways for foreign investors to enter the Hungarian real estate market.
Content:
Direct investment vs. joint ventures
Acquisition of existing property vs. greenfield developments
Partnering with local developers or real estate agents
Importance: Market entry is a key decision that influences the investor’s success. This session ensures participants understand the most efficient and low-risk ways to enter the Hungarian real estate market.
Objective: Provide insight into property management and how to plan for exit strategies.
Content:
Finding and vetting property managers
Managing tenant relationships and leases
Maintenance and property improvement strategies
Timing the market for a successful exit (sale or refinancing)
Importance: Effective property management ensures ongoing profitability, while a well-planned exit strategy maximizes returns when selling or refinancing the property.
Objective: Analyze successful and unsuccessful real estate investment cases in Hungary.
Content:
Analysis of 2-3 case studies, highlighting challenges and successes
Group discussion on lessons learned
Application of knowledge from previous sessions to these cases
Importance: Case studies provide practical examples of what works and what doesn’t, helping participants to apply theory to real-world scenarios.
Objective: Participants will apply the knowledge gained throughout the course in a simulated investment exercise.
Content:
Participants will break into groups to simulate investing in a property in Hungary
Each group will assess the property, conduct due diligence, and present an investment strategy
Feedback and critique from trainers
Importance: This exercise helps participants practice decision-making and integrate all the learning points into a cohesive strategy.