Can foreigners buy property in Budapest?

Yes. Foreign nationals can buy apartments and residential property in Budapest. Non-EU citizens need a property acquisition permit issued by the local government office; the process typically takes 30 to 60 days and we manage it end-to-end for our clients. EU citizens do not require a permit for residential property.

Which Budapest district is best to invest in?

Districts V (Belvaros), VI (Terezvaros), VII (Erzsebetvaros) and IX (Ferencvaros) are the strongest for buy-to-let yields and capital appreciation in central Pest. District II and XII in Buda are preferred for premium residential and family properties. We match clients to districts based on budget, target yield, and tenant profile.

What languages do your agents speak?

Our agents speak English, Russian, Hungarian, Italian and German. We can meet international clients in Budapest on short notice and handle the entire transaction in your preferred language.

Do you help set up a Hungarian company for property purchase?

Yes. We assist foreign buyers in setting up a Hungarian Kft (limited liability company) to acquire real estate. This can be a tax-efficient structure for investment portfolios and avoids the foreign acquisition permit for non-EU buyers. We coordinate with local lawyers and accountants.

What rental yields can I expect in Budapest?

Gross long-term rental yields in central Pest typically range from 5% to 7%. Short-term vacation rentals in tourist districts can deliver 8% to 12% gross before management costs. Yields vary by district, building condition, and rental strategy; we provide a per-property projection before any purchase.

How much are property taxes in Hungary?

Property purchase tax (illetek) is 4% on residential property up to HUF 1 billion. Annual property tax is generally low and varies by municipality. Capital gains on a primary residence are exempt after five years of ownership; investment property gains are taxed at 15%. Company structures may reduce overall tax exposure.