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The Global Properties website features over 28 listings with high-quality photos, detailed descriptions and villa prices in Hungary. To find the perfect option, simply select the type of property, location and other desired parameters such as size, number of rooms and construction stage.
- Minimum house prices in Hungary: USD 22000
- Maximum price: USD 1.28 million
- Minimum size: 110 m²
- Maximum size: 6,676 m²
Until December 22, 2023, foreigners could obtain a temporary residence permit through investments in houses and apartments in Hungary. In 2024, the programme was revised, offering investors the following options for legalisation:
- Purchase shares of an investment fund listed by the State Security Office, with at least 40% of the fund's assets allocated to residential real estate. The minimum investment threshold is EUR 250,000.
- Donate to a public fund supporting local universities. The contribution to advancing the country’s scientific or artistic endeavours must amount to at least EUR 1 million.
When developing the terms of the new investment program, local authorities considered granting residence permits for purchasing villas in Hungary for investment worth EUR 500,000 or more. However, this idea was not implemented.
Foreigners participating in the country's investment programme are eligible only for a temporary residence permit. After three years of official residence in the country, they can apply for permanent residency. An application for citizenship through naturalisation can be made after an additional eight years. Obtaining a passport directly through the purchase of property in Hungary is currently not possible.
Villas for sale in Hungary
To purchase a villa in Hungary as a foreigner, follow these steps:
- Select a suitable property. Use the advanced search feature to find a unit that meets your desired specifications, such as the number of rooms, size, construction stage, furnishings and location.
- Review listings carefully: Make your choice and leave your phone number to contact the seller directly. This allows you to ask questions and discuss the details of the deal .
- Obtain a tax ID number: Foreign investors must acquire a Hungarian card with an 11-digit personal tax number.
- Sign a preliminary agreement: This document outlines the sale conditions and typically involves a deposit.
- Get purchase approval: Foreigners who are not citizens of EU countries, Norway, Liechtenstein, Iceland or Switzerland and who are not inheriting property or who buying through a locally registered company, must obtain a purchase license from a local government office. The license is issued only if the applicant has no criminal record and has entry clearance to the country.
- Sign the final agreement: After approval, the purchase agreement is finalised.
- Register the property in the land registry: To complete the transaction, the property must be registered in the land registry.
In addition to the cost of the house for sale in Hungary, buyers should also factor in the following expenses:
- transfer tax: typically 4% of the property's price;
- legal fees: around 1% of the property's price;
- notary and registration fees: these vary by specialist but are usually about 0.5% of the price;
- agency fees: buyers using real estate agency services typically pay a commission ranging from 2–5% of the price.
Reasons for investing in a house in Hungary
Investing in real estate offers several compelling advantages:
- Tax benefits: Buyers under 35 purchasing their first property enjoy a reduced property tax rate of 2%, provided the property price does not exceed USD 37,785. Under the CSOK Plus programme, buyers are also exempt from the 4% property purchase tax.
- Straightforward process: Foreigners can acquire residential and commercial properties with few restrictions, except for agricultural land and properties classified as monuments.
- High rental yields: In 2024, the average housing yield was 5.75% annually, with Budapest offering yields ranging from 4–6%, depending on the area. High demand for rentals in central Budapest and major cities ensures a stable income for property owners.
- Capital appreciation: In 2024, property prices increased by 13% year-on-year. The average price of a villa for sale in Hungary reached USD 1,064 per square metre. Investors can adopt a "buy-and-hold" strategy for long-term resale profits or invest during the construction phase for potential capital gains upon project completion.
Buying a villa in Hungary
The Global Properties platform is regularly updated, providing users with access to the latest listings from verified agencies and developers. You can find apartments, houses and commercial properties in both new developments and the secondary market. Properties are available in over 50 countries. Start your search for your dream home and buy a villa in Hungary or any other location today!