More non-EU citizens investing in Hungarian property – latest real estate figures
Broker Duna House said on Tuesday that the number of property buyers in Hungary from outside the European Union has recovered to pre-pandemic levels. This is how foreigners buy real estate in Hungary:
Non-EU nationals applied for clearance for 3,647 property transactions and 3,485 of those were approved, indicating activity unmatched since before the pandemic, Duna House said, citing data on the government website.
Duna House deputy CEO Ferenc Máté said the number of applications climbed 23 per cent from a year earlier, while transaction volume accounted for 2.8 per cent of total real estate sales. The data show 84pc of those transactions involved home purchases and 76pc were in the capital.
The largest group of non-EU real estate buyers in Hungary were the Chinese, who bought 1,106 properties, up 71 per cent from 2023. Vietnamese nationals accounted for 16 per cent of property purchases by non-EU nationals.
According to the statistics, 84% of the property transactions that required a licence were residential, and 76% of the homes purchased were in the capital in 2024. Within Budapest, the seventh district had the highest number of transactions, accounting for 15 percent of sales, followed by Terézváros, Yozsefváros and the 13th district with 12-12 percent.
Outside the capital, Pest county was the most popular destination for foreign buyers (5%), but Győr-Moson-Sopron county was also a popular destination (3%). In the list of rural cities, Sopron, Mosonmagyaróvár, Pécs and Szeged were also popular, along with Debrecen.
According to a previous analysis, Germans also buy a lot of property in Hungary, but the value of the property they buy is only HUF 27.8 million, while the average price paid by Chinese buyers is HUF 76 million.
The location of the properties purchased can explain the big difference: the Chinese are almost only interested in properties in the inner districts of the capital, while the Germans are mainly active in South-West Hungary; their favourite locations are border settlements in the region, such as Bolhó, Bélavár and Babócsa in Somogy County, or Zalaszentbalázs and Zalakomár in Zala County, where they can buy property for a fraction of the value in the capital.
It is important to note that in Hungary, in addition to EU and EEA member states, Swiss citizens can also buy property without a permit.
Read here for more news about real estate in Hungary
UPDATE – Property tax for foreign buyers
Property tax for foreign buyers could be imposed in Hungary
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” Non – eu- citizens ” – investment in Hungary – PROPERTY.
WHY then are people in thousands – from countrys of America, Canada, Australia and New Zealand – that have lived and worked in Hungary for YEARS – making “investment” injecting there MONEY into the Hungarian economy, paying there taxes to Hungary – these – in there thousands living in Hungary, under the status of a Residence Permit – why are THEY being told – to leave Hungary, after the 30th June 2025 by the Hungarian Department of Immigration ???
“You no longer MEET the criteria to have your Residence Permit – RENEWED.”
They have NO voting rights.
They have there own Personal Health Care coverage.
They in thousands are Self-Funded retirees.
They don’t receive any “freebies” from the Hungarian Government.
They “invest” there MONEY, there Money – into the Hungarian Economy.
The countrys of their BIRTH – the passports they HOLD – the Political systems of there BIRTH countrys are either DEMOCRAY’s or muchly aligned to DEMOCRACY.
WHY are THEY being REJECTED to continue and live there lives in HUNGARY ???
Among the reasons I chose to leave Hungary two years back… anticipated, a Canadian who lived 15 years there but watched the country slip into a diktatoship. Trust gone. Phew life is grand in the the more democratic countries of Western Europe… I’ll spend my monies here rather than support FIDEZ by buying there.