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

€1.3+ million

Apartment in the centre of Budapest with a view of the Danube or the historical centre

€500,000

Apartment in the centre of Budapest

€200,000

Apartment outside the centre of Budapest

Real estate in Hungary

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  • Get fully prepared and verified documents for a purchase

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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:

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.

Discover real estate market trends in 41 European countries

Discover real estate market trends in 41 European countries

  • Master the residency process

  • Get expert tips and documents

  • Estimate costs accurately

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Taxes and associated costs

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
Property investments
Status
Obtaining time
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Malta28 properties

€375,000+

Permanent residency

6+ months

Show 28 properties

€375,000+Permanent residency6+ months
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Grenada17 properties

$270,000+

Citizenship

8+ months

Show 17 properties

$270,000+Citizenship8+ months
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UAE129 properties

AED 750,000+

Residence permit

2+ months

Show 129 properties

AED 750,000+Residence permit2+ months
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Spain30 properties

Not limited

Residence permit

4+ months

Show 30 properties

Not limitedResidence permit4+ months
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Portugal41 property

Not limited

Residency after D Visas

6+ months

Show 41 property

Not limitedResidency after D Visas6+ months
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Alina Mishurenko

Material prepared by Alina Mishurenko, Editor-in-chief, content creator

Updated:

Frequently asked questions

  • Can foreigners buy property in Hungary?

    The sale of real estate and land to foreigners in Hungary is not limited, except for agricultural land and historic buildings. However, the majority of foreign buyers are required to obtain purchase approval from the Hungarian Land Registry, a process typically handled by a local lawyer on their behalf.

  • How much does a house in Hungary cost?

    The average price per 1 m² of housing in Hungary is €2,900. A 3-bedroom apartment in the centre of Budapest costs approximately €500,000.

  • Can a US citizen buy a house in Hungary?

    Yes. The sale of real estate and land to foreigners in Hungary is not limited, except for agricultural land and historic buildings.

  • Can I get residency in Hungary if I buy a house?

    Buying real estate in Hungary does not automatically entitle you to a residence permit. However, owning or renting a residential property is a mandatory condition for applicants seeking various types of residence permits, including the Golden Visa.

  • How long does it take to buy a house in Hungary?

    The entire process, from selecting a property to signing the agreement, takes 1—2 months.

  • Is Hungary a good place to buy property?

    Compared to other European countries, property prices in Hungary, particularly in cities like Budapest, can be relatively affordable. This makes it an attractive option for individuals seeking to invest in real estate without a significant financial burden.

  • Are houses expensive in Hungary?

    In Budapest, for example, prices for houses can range from relatively affordable to quite expensive, depending on the neighbourhood. In central and prime areas of Budapest, such as the historic districts of Buda and Pest, prices tend to be higher due to high demand and limited availability of properties. 

    Outside of Budapest, in smaller cities, towns, and rural areas of Hungary, houses can be even more affordable, offering potential for investment or relocation at lower costs.