Property tax for foreign buyers could be imposed in Hungary - DailyNewsHungary

According to the MNB's latest housing price index, in the fourth quarter of 2024, residential property prices increased by 15.1 percent nationwide compared to the same period of the previous year, while the rate of price increases accelerated in all settlement types.

Apartments in Budapest are selling at record speed, the sales pace is at a ten-year high - The question is how long the momentum will last.

Property tax for foreign buyers could be imposed in Hungary - DailyNewsHungary

Hungary may soon introduce new legislation that could impose significant fees on foreign property buyers. This move is part of a larger initiative by the government to manage population growth in areas experiencing rapid demographic changes, such as Budapest’s agglomeration and the Balaton region. A draft law, expected to take effect by 1 July 2025, would give local municipalities greater authority to regulate property ownership and residency re…

Foreigners increasingly present on property market

Last year, 3,650 applications were submitted by foreign nationals from non-EU countries for the purchase of property in Hungary.