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Europe: Hungary – An EU newcomer
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Hungary – An EU newcomer

Since May 2004 Hungary has been a part of the EU and as such interest has grown in foreigners buying properties here, for personal and commercial use.

The British are buying property across the nation, but interest is focused on Budapest especially on the side of the River Danube. This Historic and picturesque city is rich in culture and home to events and a strong social scene.

Foreigners can only purchase one property as a private buyer, but more if bought as a Hungarian Limited company.

The seasons here are defined, with a warm long summer, and cold, often snow capped, winter. Budapest is an extremely popular tourist destination and can get very busy during the summer and rent potential is high for property in the right area.

Property prices present good value here and the expectation is that they will continue to rise as the country’s popularity increases amongst tourists and investors.

We have new developments and resale’s available here and partners who can advise you on the costs and legal aspects of buying a property here.

 

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