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HATC SAMPLE EDITION:
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23rd April, 2025
Foreign demand for property recovers
Property purchases by non-EU citizens in Hungary rebounded to pre-pandemic levels in 2024, as 3,647 transactions were submitted for clearance, of which 3,485 were approved, real estate brokerage Duna House reports.
Chinese nationals were the largest group of non-EU real estate buyers in Hungary, with 1,106 property transactions, up 71% from 2023. Vietnamese nationals accounted for 16% of purchases.
Budapest’s Seventh District proved most popular, accounting for 15% of transactions, followed by the Sixth, Eighth, and 13th Districts, each with a 12% share.
Debrecen, Sopron, Mosonmagyaróvár, Pécs and Szeged stood out as preferred locations elsewhere in Hungary.
Hungary allows property purchases without permits for citizens of EU and EEA countries, as well as Switzerland.
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Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).
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