• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Foreign buyers accounted for 5 pc of home sales in Hungary last yearForeign buyers accounted for 5 pc of home sales in Hungary last yearForeign buyers accounted for 5 pc of home sales in Hungary last yearForeign buyers accounted for 5 pc of home sales in Hungary last year
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
Daily News Daily News · 26/07/2018
· Business

Foreign buyers accounted for 5 pc of home sales in Hungary last year

Austria Budapest China Expats in Hungary Germany investment property real estate Romania Slovakia
house flat hungary budapest Kató Alpár

Photo: Kató Alpár - Daily News Hungary

Foreign nationals bought 7,371 homes in Hungary last year, accounting for just under 5 percent of total market turnover, according to the Central Statistical Office (KSH).

Almost two-thirds of those foreigners were citizens of other European Union member states.

Germans bought 1,079 homes in Hungary. Fully 84 percent of these homes were outside the capital.

Chinese nationals bought 1,058 homes in Hungary, of which 91 percent were in Budapest. They paid on average a little more than 41 million forints per flat, well over the 17 million paid by Germans.

Romanians bought 1,012 homes in Hungary, Slovaks purchased 695 and Austrians 424.

As we wrote before, business news portal Portfolio examined whether real estate prices in Budapest can be subject to either a positive or negative change in the near future. Here is what they found.

We also wote few weeks ago, the prices will keep on getting higher on the real estate market in Hungary. The prices have gone highest in the capital city, where the average price hits 400 thousand forints (1200 euros) per square metre, read more HERE.

Source: MTI

Austria Budapest China Expats in Hungary Germany investment property real estate Romania Slovakia
Share
Daily News
Daily News

1 Comment

  1. Hungary Market Report - Foreign buyers, and House Prices says:
    19/11/2019 at 22:19

    […] According to the latest Central Statistics Office (KSH) report, a total of 7,300 foreigners bought properties in 2018. Notably, this figure is very similar to 2017 (7,371 transactions). […]

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • Mayor: Government treats Budapest unjust
  • World-famous Hungarian honey in danger!
  • Ukraine outraged: Orbán said behind closed doors that they would lose the war
  • Gyurcsány’s DK party envisions millions of protesters on Hungary’s streets
  • Significant price hikes expected at Lake Balaton this summer
  • Surprising: Hungarian minister named this country one of Hungary’s closest military allies
  • PM Orbán: NATO may officially enter the war in Ukraine this spring
  • International Holocaust Remembrance Day marked in Budapest

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V