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. Seven years ago, an apartment of 100 m2 cost an average of €111,000, and today it is sold for €260,000.

€2,600

Average price per 1 m²

€500,000+

Real estate investment for residency

6—30%

Associated costs, of the property value

How the residential property price index is growing in Hungary

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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

Schedule a meeting

Individual selection of investment properties

  • Discuss your tasks and goals

  • Choose between properties from reliable developers

  • Get fully prepared and verified documents for a purchase

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Hungary residency or citizenship by real estate investment

The Hungary Golden Visa is available from July 2024, leading to a 10-year residence permit. The investment options include a property purchase for at least €500,000.

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.

If the investor lives in Hungary permanently, they can become permanent residents after 3 years. Citizenship becomes available to permanent residents after 8 more years.

Minimum real estate investment in Hungary

€500,000

For residential real estate

Only residential real estate is allowed to be purchased. Investors must obtain permission from the Land Committee: this can only be done through a lawyer who accompanies the transaction.

The property must be purchased after January 1st, 2025 to qualify for the Golden Visa.

Taxes and associated costs

Alina Mishurenko

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

Updated:
08 October, 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 €2,600. 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?

    Yes. The new Hungary Golden Visa allows one to purchase real estate for at least €500,000 after January 1st, 2025 and get a 10-year residence permit.

  • 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.