Hello,
Which countries in the EU tend to charge foreigners a higher price for new properties than there local market will pay?
Is this common and is this legal within the EU?
Anyone had any experience of this?
The reason I ask is that I've been out to view some off-plan property in Budapest and the developers and agents tend to advertise in Euros. No problem there but on returning I did a bit more research and found the Hungarian websites for the same developments advertising in the local currency at some 25% cheaper!
Fair enough you expect some currency fluctuation but there hasn?t been anywhere near that amount between the two currencies recently.
My concern is that if you buy on a mortgage your property could be valued at the lower 'local rate' and then you would have to find the shortfall.
Can anyone expand on this with their experience abroad?
Cheers.
Bryant