Real estate investment in Hungary

Hungary doesn’t limit sales of properties and land to foreigners, except for agricultural land and architectural monuments.

Statistics confirm the liquidity of investments: residential real estate prices grow by an average of 3,4% every quarter. Five years ago, an apartment of 100 m² cost an average of €111,000, and today it is sold for €206,000.

€2,062

Average price per 1 m² of housing in Hungary

3,4%

Average price per 1 m² increase per quarter

3—31%

Buyers’ related expenses, of the transaction amount

How the residential property price index is growing in Hungary

blok

Cost of a 3-bedroom apartment in Hungary

€1 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

Hungary residence permit or citizenship by real estate investment

Obtaining a Hungary residence permit or citizenship is not connected with purchasing real estate or investing.

Until 2017, Hungary had a permanent residence program for real estate investors. Program participants could obtain citizenship after five years of maintaining permanent residency. The program is not operating now.

Taxes and associated costs

Alina Mishurenko

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

Updated:
April 26, 2024

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.

  • How much does a house in Hungary cost?

    The average price per 1 m² of housing in Hungary is €2,062. 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?

    In Hungary, foreigners do not receive a residence permit by real estate investment. But they are entitled to receive visa benefits. For example, a visa that allows multiple entries into Hungary.