Péter Magyar’s house in the picturesque Balaton Uplands – or, more precisely, the Hungarian prime minister’s former family home – has been placed on the market. The fully furnished property in Balatonhenye is available for HUF 299 million, approximately EUR 822,000.
According to Hungarian news portal Index, the house was built in 2017 by Magyar and his then-wife, former justice minister Judit Varga. The property passed to Varga following their divorce, meaning the prime minister is not its current owner.
What buyers get with Péter Magyar’s house
The property listing on ingatlan.com describes a 233-square-metre, two-storey home standing on a landscaped plot of more than 2,000 square metres.
The asking price works out at roughly HUF 1.28 million, or EUR 3,516, per square metre. The house contains four bedrooms, several bathrooms and a large open-plan kitchen and living area. It is being sold with its furniture and household contents, allowing the new owner to move in immediately.
The property combines traditional Balaton Uplands architecture with modern technology. Its white exterior, shuttered windows, stonework and regional architectural details are intended to reflect the historic character of the surrounding area.
Inside, the rooms have been designed in a French country style, with exposed beams, natural materials and furniture from Maisons du Monde. Two tiled stoves made by a craftsman from Herend are located in the living room and guest bedroom.
Swimming pool, smart technology and a large garden
Péter Magyar’s house also comes with a remotely controlled smart-home system. Heating and cooling, the alarm, cameras, electric gate and solar panels can reportedly be operated from a smartphone.
The home uses a heat pump for its underfloor and wall heating and cooling systems. There is no gas connection, while a two-kilowatt solar installation contributes to its energy supply.
Outside, the garden includes fruit trees, flower beds, a children’s tree house, an automated irrigation system and parking for three cars. A 60-square-metre terrace leads to an eight-metre-long swimming pool.
A neighbouring 8,018-square-metre agricultural plot is also available under a separate agreement, although its price has not been published.
A quiet village near Lake Balaton
For international readers, Balatonhenye is a small village in the Káli Basin, one of the most sought-after rural areas north of Lake Balaton. The region is known for volcanic hills, vineyards, traditional stone houses and increasingly expensive holiday properties.
The listing says the lake is approximately 11 kilometres away and can be reached by car in about 15 minutes. Balatonhenye also lies on a section of Hungary’s National Blue Trail, a long-distance hiking route crossing the country.
If you missed it: Where to buy property in Budapest: A district-by-district guide to the city’s best addresses
The property’s political history
The house was built while Magyar and Varga were married. They divorced in 2023 after 15 years, and the property became Varga’s as part of their financial settlement. Magyar announced in May 2025 that he had moved out permanently.
Since then, Magyar has become Hungary’s prime minister, a position confirmed by the Hungarian government’s official website and parliamentary records. The sale therefore gives the property a particularly unusual public profile, even though it is now a private asset associated primarily with Varga.
The house previously attracted political attention over a HUF 10 million – approximately EUR 27,500 – family housing subsidy used during its construction. Index reported that Varga repaid the amount in 2023 after questions arose about whether the property qualified under the programme’s rules.
For buyers with nearly EUR 1 million to spend, the listing offers more than a luxury country residence near Lake Balaton: it is also an opportunity to acquire a home closely connected to the private and political history of Hungary’s serving prime minister. Find the property listing on ingatlan.com.
You can read our article on how to buy a safe property in Hungary.
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Irrespective of who owned it, 800k Euros buys you a series amount of property in the English countryside over 100km from London too. I’m staggered by the prices being asked in Hungary these days. There must be many wealthy people there these days (even if the majority are merely scraping by).
There are
Mainly funded by the former government. The corrupt Fidesz!!!
In recent years, the rise in house prices in Hungary was almost the highest in all of Europe. Budapest and Balaton take the crown
Budapest and Balaton prices have risen dramatically, but the point about this particular house being equivalent in price to one outside of London is interesting in part because a Budapest flat – while much more than it used to be – is still a fraction of the price of a London flat. I have compared what 2 million CAD buys you in Toronto – also considered a city with somewhat expensive houseing, and it is laughable compared to what the same money buys in Budapest. Or put another way, I have two flats approximately the same size, level of finishes and equipment. Each is conveniently located near a bustling high street loaded with shops, grocers and restaurants. One is in Toronto and one in Budapest. The Toronto flat is worth 2.5 times as much.
It is about 3 times the market price
I live in Toronto where an old two bedroom detached bungalow that needs renovation work sells for around 700K euros. It gets cheaper out in the countryside but you would pay more over here for that property. I am somewhat fortunate in life so prices are not so outrageous for me. I bought a new large Budapest flat in a good area when Covid lock downs were happening. I decided that was opportunity when foreigners couldn’t get to Hungary to buy anything and interest rates were low for me to borrow anything I needed. I had my wife’s family scout properties I saw on-line and bought the place without seeing it in person. I look back at the pictures of our first visit to it while the interior was still under construction and we were all wearing masks. Sometimes work was delayed when members of the crew got sick from Covid. The price of materials were set the beginning of every month as inflation was heating up. The price of gas shot up and that made ceramic tile more expensive. We got in under the wire. Even the appliances we bought must have done up in price dramatically soon after we bought them.