Are foreigners buying all the Hungarian real estate?

In the past year, there have been nearly 7300 purchases registered in Hungary, where foreign citizens were the buyers. While the number of foreign buyers is not considerable on the Hungarian real estate market as a whole, it is about 2.3%, but in Budapest, it is 12%, and in the inner districts of Pest, it even reaches 26%. This is in connection with the prices of the homes, which are higher than the average prices elsewhere in the country.

The newest KSH data have been released, which revealed not only that since 2015, the prices of used apartments have gone up by about 60%, but also what nationalities were the most active home-buyers in 2018, and in which price category foreigners were interested the most, wrote portfolio.hu.

The data reveals, that the number of foreign buyers in 2018 was similar to the previous year. They mainly made purchases in West- and South-Transdanubia, making up about 12-15% there. The foreign buyers in Budapest primarily focused in the inner districts of Budapest, and every fourth out of all foreign buyers found a place here. If we look at Budapest as a whole, 41.6% out of almost 7300 purchases by foreigners were made there.

The Chinese are very experienced on the Hungarian real estate market, read more HERE.

Over 90% of Vietnamese, Chinese, and Israeli people living in Hungary became owners of homes in Budapest. About 95% of Vietnamese people, but especially Chinese and Israeli people seem to prefer the Hungarian capital to other cities. The most active foreigners on the Hungarian real estate market were the Chinese, as they bought over 1,000 homes over the last year.