€1.3+ million
Apartment in the centre of Budapest with a view of the Danube or the historical centre
Property investment in Hungary as a foreigner
Hungary doesn’t limit sales of properties and land to foreigners, except for agricultural land and architectural monuments. However, most foreigners must get permission to purchase a property from the Land Registry of Hungary through a local lawyer.
Statistics confirm the liquidity of investments: according to the Eurostat data, residential real estate prices grew by 230% since 2010, making Hungary the leader in the EU.
€2,900
Average price per 1 m²
3.4%
Average price growth by quarter
10%
Associated costs, of the property value
How the residential property price index is growing in Hungary
Cost of a 3-bedroom apartment in Hungary
€500,000
Apartment in the centre of Budapest
€200,000
Apartment outside the centre of Budapest
Real estate in Hungary
Hungary, Budapest
€552,000 — €581,000
Elegant apartments with 4 bedrooms, Eleventh District, Budapest
103 m² — 124 m²
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Hungary residency or citizenship by real estate investment
Owning property in Hungary does not automatically grant residency. However, having a registered Hungarian address—typically by buying or renting residential property—is a prerequisite for obtaining residency.
Hungary offers a Golden Visa that provides a pathway to residency through specific investments:
- a minimum €250,000 investment in approved real estate funds, or
- a €1 million donation to a Hungarian university or educational institution.
The investor can add their spouse and children in the application. Upon making the investment, applicants and their families are granted residence permits, which allows them to live, work, and study in Hungary.
The permit can be renewed once for 10 more years.
Other available residency options include:
- the White Card designed for digital nomads;
- business residence permits for entrepreneurs and company owners.
If the resident lives in Hungary permanently, they can become permanent residents after 3 years. Citizenship becomes available to permanent residents after 8 more years.
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Trusted by 5000+ investorsTaxes and associated costs
Purchase taxes
Property buyers pay a value-added tax for new builds or a transfer tax for resale properties. Notary and other fees are additionally paid.
Associated costs are about 10% of the purchase agreement value. When buying a new apartment for €500,000, the investor will spend €550,000, including additional costs.
Ownership taxes
The annual property tax is levied only in tourist areas around Lake Balaton and Heviz. The rate is €5—7 per square metre.
If the owner rents out the property, they pay a 15% tax on the rental income.
Sale taxes
Real estate sellers pay a capital gains tax of 15% on the difference between the sale and purchase prices.
The ownership time determines the taxable income share:
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100% of income for ownership under 2 years;
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90% for 2—3 years of ownership;
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70% for 3—4 years of ownership;
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50% for 4—5 years of ownership;
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0% for ownership over 5 years.
When selling through an agency, a realtor’s commission ranges 4—6.5%. It is not necessary to involve an agent.
Countries to buy a property and get residency or citizenship
We offer proven properties that comply with the conditions of government programs for investors. You can buy real estate and obtain a residence permit or citizenship.
Country and status
Investments
Status
Time required
€375,000+
Permanent residency
6+ months
Show 29 properties
€375,000+Permanent residency6+ months
AED 750,000+
Residence permit
2+ months
Show 158 properties
AED 750,000+Residence permit2+ months
Not limited
Residence permit
4+ months
Show 38 properties
Not limitedResidence permit4+ months
Not limited
Residency after D Visas
6+ months
Show 68 properties
Not limitedResidency after D Visas6+ months
40+ guides with European countries
Find out how much it costs to buy and rent real estate in each country, what the market dynamics are and what taxes you need to pay when buying and selling.
Property Investment in Lithuania as a ForeignerForeigners can freely buy, sell and rent out real estate in Lithuania. Statistics confirm the liquidity of investments: residential...
€3,700
Average price per 1 m²
2.5%
Average price growth per quarter
Property Investment in Italy as a ForeignerForeigners can buy, sell, and rent out real estate without restrictions in Italy. Statistics confirm the liquidity of investments: the...
€4,000
Average price per 1 m²
1%
Average price growth per quarter
Property Investment in France as a ForeignerForeigners can freely buy, lease, and sell real estate in France. Statistics confirm the liquidity of investments: residential real...
€5,800
Average price per 1 m²
1.1%
Average price growth per quarter
Material prepared by Eymi Castro, Investment Migration Expert
Updated: