The Global Properties website features over 90 listings with high-quality photos, detailed descriptions and property prices in Hungary. To find the right option, specify the type of housing, the number of bedrooms and the price range in the search form at the top of the page. You can also use advanced filters to select additional parameters such as area size, construction stage, number of floors and available amenities.
Foreigners can purchase all types of properties in Hungary, except agricultural land and heritage-listed units. The need for a permit depends on the buyer’s citizenship. No permit is required for:
- citizens of EU member states;
- citizens of Norway, Liechtenstein, Iceland and Switzerland;
- individuals inheriting real estate;
- individuals making purchases through a company registered in the country.
Buyers who do not belong to these groups must apply for a permit from local authorities. Key requirements include a clean criminal record and a valid entry permit for the country.
- Minimum price: USD 22000
- Maximum price: USD 5.75 million
- Minimum size: 29.9 m²
- Maximum size: 6,674 m²
Until December 22, 2023, residency could be obtained through real estate investment. In 2024, a new programme was introduced, offering a golden visa through investments of:
- EUR 250,000 in mutual fund shares. The fund must be listed by the State Security Office and at least 40% of its assets must be allocated to residential houses and apartments in Hungary.
- EUR 1 million in a public fund. Applicants may donate to a fund supporting local universities for scientific or artistic development.
Authorities also considered a third option, residency through housing purchases of EUR 500,000 or more, but this was later cancelled.
Buying residential or commercial real estate does not provide grounds for citizenship. After holding a temporary residence permit for three years, investors can apply for permanent residency. Citizenship applications can be made after an additional eight years.
- Budapest: The capital city attracts foreigners with its historic landmarks, such as the Parliament on the Danube, Buda Castle and the Széchenyi Baths. It's a hub for students due to prestigious universities like Budapest University of Technology and Economics and Central European University. Expats value its high quality of life, well-developed infrastructure and competitive prices of property in Budapest.
- Debrecen: The second-largest city is an academic centre, home to the University of Debrecen, which offers affordable English-language programmes. It’s also known for its cultural attractions, such as churches, museums and festivals like the Flower Carnival.
- Szeged: Nicknamed the "City of Sunshine" for its many sunny days, Szeged is located in the south. It attracts international students with its top-ranked university. Its well-developed infrastructure, historic sites and numerous cafês make it a comfortable place to live and relax.
- Studios: Ideal for young professionals, students or individuals who prefer compact and functional housing. Often located in modern complexes with amenities like parking, gyms, pools and relaxation areas. Studios are popular due to their affordability and low maintenance costs.
- Apartments: A highly sought-after type of housing in the area, apartments come in various sizes, from small 1-bedroom units to spacious multi-bedroom apartments with modern layouts. Buyers are drawn to both new energy-efficient developments and historic buildings with unique architecture. Apartments are well-suited to families and freelancers working from home.
- Houses: Private houses in Hungary appeal to those seeking more space and privacy. Options range from small single-story buildings to modern cottages with large plots. Affluent buyers often opt for luxury villas with amenities like pools, gardens and barbecue areas.
The country’s stable economy, strategic location in Central Europe and affordable prices attract investors looking to buy real estate. Other advantages include low taxes, relatively low living costs, a thriving tourism industry and EU membership.
Yes, rental income is possible, particularly in major cities like Budapest. Factors such as a steady influx of tourists, international students, expats and business activities contribute to this potential. Success depends on the type of property, its location, rental terms (short- or long-term) and property management.
Property in Hungary
Before closing a sale, keep the following in mind:
- Foreigners can secure mortgages from Hungarian banks, but interest rates may be high, around 10%. Loans typically cover 50–70% of the property value, meaning buyers must make a substantial down payment.
- During the drafting of the sales contract, the buyer places a deposit of 10–15% and applies for a purchase permit (if required). The remaining amount is transferred after signing. The lawyer then informs the land registry, completing the transfer of ownership.
- Buyers must be prepared to pay real estate transfer tax (2–4% of the property value), legal fees (1–5%) and registration fees (0.01–0.05%).
Reasons for investing in property in Hungary
In 2024, the average price of properties in Hungary for investment reached HUF 45.2 million (USD 113,000), marking a 13% increase from the previous year. Prices in Budapest rose by 6% to HUF 60.4 million (USD 151,000), while properties outside the capital grew by an average of HUF 5 million (USD 12,500) to HUF 39.1 million (USD 98,000). New properties were priced at HUF 830,000 (USD 2,070) per square metre, with prices in the capital reaching HUF 1.5 million (USD 3,750) per square metre.
This trend attracts investors looking for resale profits. By holding properties for capital growth, investors can also use them for personal purposes or rental income. In 2024, the national average yield reached 5.75% annually. In popular areas of major cities and Budapest, such as Óbuda, Terézváros and Józsefváros, profitability can exceed 6%.
Buying real estate in Hungary
The Global Properties platform is regularly updated with new listings from reputable agencies and developers. The site features apartments, houses and commercial housing units, both new and pre-owned. Explore current offers in over 50 countries and find your dream home today!