Foreigners buy property in Budapest and the Western counties
According to 24.hu, the number of foreign nationals buying Hungarian real estate is low. Based on the analysis of Otthon Centrum, the Chinese buy property only in Budapest’s downtown, while the Germans focus on Somogy County and the Western counties of Hungary.
Foreigners spend more money on property. The average property price they pay is HUF 51.1 million (EUR 123,000), while Hungarians spend HUF 2 million less. 92% of the foreigners buy property in Budapest and the Western counties of Hungary (Vas, Somogy, Győr-Moson-Sopron, Zala). The highest number of transactions concerning property took place in Budapest’s 8th district, where Americans, Western European and Ukrainian citizens were the most active.
A view of the 6th and 7th districts from the Saint Stephen’s Basilica. Source: depositphotos.com
According to experts, property prices will continue to rise in Hungary in 2025 due to several government measures aiming to pump more money into the sector. Here you may read more about them.
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Good news: 2025 will be a better year in Hungary’s property market, says Duna House
Featured image: depositphotos.com
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Publish date : 2025-01-04 03:34:00
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