Foreign buyers of Hungarian apartments

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napi.hu: The boom of the Hungarian residential property market has raised the interest of foreign investors, too, and buyers from China, Russia, the Ukraine, and the Middle-East have become a regular feature in Hungary. According to 2016 Q1 figures less than 1 per cent of residential property transactions were effected by foreigners, but their ratio was almost 4 per cent in the most popular districts (V., VI. and VII) of downtown Budapest.

Chinese buyers had the biggest share (36 per cent), while another 15 per cent came from another country of South-East Asia. Buyers from the Middle-East had a share of 5 per cent. Judged by their combined share European buyers are still in majority, but the individual proportion of Austrian, German, French, English, Northern or Southern European buyers is small.

Most foreign buyers went for an apartment of 60-80 sq. m. in downtown Budapest at an average price of HUF 45 million.

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