🇭🇺 Hungary

Buying Property in Hungary: A Guide for Foreign Buyers

Apartments in Hungary cost from €3,200 to €3,200 per m² across the cities we track. Expect to pay another 4–6% of the price in taxes and fees.

Can foreigners buy property in Hungary?

EU buyers free; non-EU buyers may need a permit

EU/EEA citizens buy freely (agricultural land excepted). Non-EU buyers need a permit from the county government office, which is usually granted for apartments.

Tax ID you'll need: Hungarian tax identification number (adóazonosító jel)

How to buy, step by step

  1. 1Lawyer checks the land register (tulajdoni lap)
  2. 2Sign a sale contract countersigned by a lawyer and pay a deposit
  3. 3Apply for the permit if a non-EU buyer
  4. 4Pay the balance
  5. 5Lawyer files the transfer with the land registry
  6. 6NAV assesses the transfer duty, payable within 15 days

What it costs

A 60 m² apartment in Budapest at the average €3,200/m² costs about €192,000. Purchase taxes and fees add roughly €7,680–€11,520. Full breakdown of Hungary property taxes and costs.

Budapest€3,200/m² · gross yield 5.3%

Mortgages and residency

Approx. 50–70% LTV; lending to non-residents is limited.

The Guest Investor Programme offers residence for buying Hungarian residential property worth at least €500,000 (held for 5 years) or investing €250,000 in a real estate fund.

Frequently Asked Questions

Can foreigners buy property in Hungary?↓
EU/EEA citizens buy freely (agricultural land excepted). Non-EU buyers need a permit from the county government office, which is usually granted for apartments.
How much are buying costs in Hungary?↓
Typically 4–6% of the purchase price for a resale apartment, including transfer tax, notary or legal fees and registration.
How much does an apartment cost in Hungary?↓
Average prices range from €3,200/m² to €3,200/m² across 1 cities; in Budapest a 60 m² apartment costs about €192,000.
Can non-residents get a mortgage in Hungary?↓
Approx. 50–70% LTV; lending to non-residents is limited.
Property prices in Hungary →Apartments for sale in Hungary →Rental yield calculator →

Last reviewed 2026-10. General information, not tax or legal advice: rates change and often depend on region and buyer status, so confirm with a local notary, lawyer or tax adviser. Sources: CEE Legal Matters: Hungary extends reduced VAT rate for new homes, IBA: Hungary's new Guest Investor Programme.