Russian Home Buyers Target Hungary

  • 24 Nov 2023 8:06 AM
  • Hungary Around the Clock
Russian Home Buyers Target Hungary
Hungary and Cyprus were the two top countries for Russian residential real estate investors between January and October, according to a survey by real estate agency the NF Group, Russian website RBC reports.

In 2022, Russians mostly bought homes in Turkey and the United Arab Emirates.

According to the survey, 61% of buyers invest in real estate with the goal of obtaining a residence permit or citizenship.

Hungary is a popular destination for investment due to its relative affordability, the rapid rise of house prices, and also due to the residence permit programme, in which the government offers investors a five-year residency permit without the requirement of permanent residency.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit and click on 'Free Trial Subscription’.

Explore More Reports