Real estate in Hungary

Starting January 1st, 2025, Bulgaria and Romania will fully join the Schengen Area. This allows their citizens to enjoy visa-free travel across most of Europe.This long-awaited change will make cross-border movement easier and more seamless, while opening up new opportunities for both business and tourism.

The Hungarian government has issued the first licence to a real estate investment fund, four months after the launch of the Golden Visa Program. Hungary will soon start processing residency applications from investors.

The Türkiye Tech Visa was announced in September 2024. It is a three-year work permit available to highly skilled IT specialists and entrepreneurs planning to launch a startup.An official list of required documents has yet to be released, but here is what is currently known about the visa.

The Hungarian Government plans to relaunch a Golden Visa program that allows wealthy foreigners to obtain a residency permit by investment. The bill considering this decision was published on the Government’s official page in November 2023.Hungary had to shut the previous Golden Visa in 2017 over a corruption investigation. However, investors will be able to obtain the visa again under new conditions.