According to analysts, this will be facilitated by introduction of the "golden visa" for real estate investors.
Recall that under the terms of the program, a residential facility should cost at least 500,000 euros (+ 4% tax).
In 2023, home sales in Hungary fell by 27% compared to 2022. The reasons for this are inflation, as well as high prices for apartments and houses. There is a big gap between the expectations of buyers and sellers.
According to an analysis by Duna House, real estate prices increased by an average of 10% last year compared to 2022. The average price per square meter in six districts of Budapest reaches 1 million forints (more than 2,600 euros).
Read detailed overview of the Hungarian real estate market!
Source: Daily News Hungary
