Radical Party Jobbik Proposes Punitive Property Tax For Foreigners
- 17 Sep 2019 8:29 AM
- Hungary Around the Clock
The funds gathered by the tax would be used for implementing the party’s council flat programme, he said, adding that the party will submit its proposal to Parliament this autumn.
He stressed that foreigners’ purchase of property narrows the availability of flats in Hungary and raises real estate and rental prices. He added that such a tax could amount to as much as Ft 2-3 million for more expensive properties.
Sixth District Jobbik chapter president Milán Töreki said that while foreigners buy 5% of properties sold in the country, the ratio is double that in the inner districts of the capital.
MTI Photo: Balogh Zoltán
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