Hungary Golden Visa Program — Residence Permit by Investment in 2024
In the beginning of 2024, Hungary reintroduced the Golden Visa programme for investors. This scheme is explicitly designed for nationals from countries outside the European Union and the European Economic Area.
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The way to a traveler’s heart is through their stomach: A culinary ranking of European cities
For travelers, food can make or break a city; the more culinary options there are in a city, the more enticing a destination it will be among tourists and expats. Toward this end, a team of analysts at international real estate brokerage Tranio have conducted a survey on food outlet penetration across major European cities, taking into account the housing prices and quality-of-life rankings.
European limitations on foreign property purchases
In Europe, no law prohibits foreign citizens from buying property but certain countries have put limitations on this right.
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Property maintenance in Hungary in 2024
Property maintenance expenses in Hungary cost about 1–4% of the property value per year.
Property prices in Hungary in 2024
The most popular location with property buyers in Hungary is the capital, Budapest. This city is known as one of Eastern Europe’s cultural centres and is renowned for its magnificent architecture and historic thermal baths.
Visas, residence permits and citizenship in Hungary in 2024
Residence permits are governed by the Law on Entry and Residence of Citizens of Third Countries while citizenship rights are set out in the Law on Citizenship.
‘I have achieved my goal’: Tranio interviews client 18 months after Budapest investment
In 2016, Roman, a lawyer from Kiev, bought a profitable apartment in Budapest with the help of Tranio. In his previous interview, he told us about his search and the purchase procedure. Did he manage to achieve the planned yield and has the apartment increased in price? Tranio caught up with Roman to find out.
Residential real estate in Hungary set to grow
Residential property in Hungary is several times cheaper than Western Europe. At the same time, the country has
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Buying property in Hungary as a foreigner in 2024
Buying property in Hungary is relatively easy and it’s possible to find and buy property in a couple of days. After that, a lawyer takes over the remaining steps. In total, the buying and registration process take about two months.
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Education in Hungary
Hungary’s academic institutions are popular with international students thanks to high living standards and affordable living costs as well as diplomas recognised around the world.
Property tax in Hungary for non-residents in 2024
Taxes in Hungary are relatively low in comparison to other European countries.
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Mortgages in Hungary
Not every Hungarian bank grants loans to non-EU citizens, and some of those that do impose restrictions with respect to property types. For instance, Sberbank Hungary Ltd. offers mortgage loans to foreigners who wish to buy flats and homes in the country’s newly-built and existing property markets.
Looking for the perfect newly built home: a Tranio client on buying a townhouse in Sopron, Hungary
A permanent resident of Hungary expounds on how difficult it is to find a good newly built property in a small European town.
Safe haven: a Tranio client from Crimea on how he bought a holiday home in Hungary
Dmitry, an entrepreneur from Sevastopol, shares his experience of buying a property in Hungary.
The districts of Budapest: places to buy property on the outskirts of Pest
Many peripheral districts of Budapest look more like suburbs than parts of a capital. Indeed, just
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