Chinese nationals were the largest group of non-EU real estate buyers in Hungary, with 1,106 property transactions, up 71% from 2023. Vietnamese nationals accounted for 16% of purchases.

Budapest’s Seventh District proved most popular, accounting for 15% of transactions, followed by the Sixth, Eighth, and 13th Districts, each with a 12% share.

Debrecen, Sopron, Mosonmagyaróvár, Pécs and Szeged stood out as preferred locations elsewhere in Hungary.

Hungary allows property purchases without permits for citizens of EU and EEA countries, as well as Switzerland.

This new data shows that 84% of all transactions involved home purchases, and that 76% were in the capital.

According to the Global Property Guide, market analysts from ingatlan.com estimate that between 140,000 and 145,000 home sales could take place in 2025, representing a 10% increase over 2024 and a 30-35% rise compared to 2023.

This projection is supported by experts from Duna House, who expect the residential property market to strengthen by 10-20% in both transaction volumes and prices.

"The outlook for 2025 is very encouraging, as macroeconomic factors, market conditions, and government measures affecting the housing market are developing favorably," summarized Balázs Czizy, owner-CEO of SISKIN Cégcsoport, in an interview with Pénzcentrum.

For more from that recent in-depth Global Property Guide report see:
Hungary's Residential Property Market Analysis 2025

Property prices in Hungary have risen most in EU since 2010

Real estate prices in Hungary have increased by an average of 234% in 14 years, according to Eurostat data reported by HVG.

Hungary had the highest price increase between the fourth quarters of 2010 and 2024, with Estonia in second place at 228% and Lithuania in third at 187%.

Hungary is near the top in rental price increases at 114%, surpassed only by Estonia's 212% and Lithuania at 175%.

During the same period, house prices in the member states rose by an average of 55.4% and rental prices by 26.7%.

In other words, the increase in Hungary is more than four times the average for both property prices and rental fees.

An increase in property prices was recorded in almost all member states, with stagnation only in Cyprus, and a decrease only in Italy, where prices were 4% lower.

Rents increased in 26 EU countries, the only exception being Greece, where the decrease was 13%.

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here.