Hungarian Residency Bond Sales Falling
- 16 Apr 2015 9:00 AM
Sales of residency bonds slowed down in March, after solid growth in the first two months, state debt manager ÁKK told Napi Gazdaság. Proceeds from the sale of the bonds, which grant residency status to non-EU citizens, reached €7.7 million in March after €16.7 million in both January and February.
Most of the sales were the closures of transactions from last year, at €250,000 each. The price of the bonds was raised to €300,000 on January 1.
Investors bought Ft 120 billion of the bonds in 2014, compared to Ft 30 billion when the scheme was launched in 2013.
Source: Hungary Around the Clock
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