HUNGARY FOR A GREAT REAL ESTATE INVESTMENT
Hungary is often overlooked as a location for property investment by Western Europeans and other non-EU Citizens. However, those who have taken the plunge to purchase a property appreciate the low cost of living, rich history and friendly people as well as the beautiful towns, cities and countryside. Classic city center apartments can be found in central Budapest, whilst unique holiday villas are scattered along the shores of the massive Lake Balaton.
There are currently no restrictions for foreign nationals to buy property in Hungary. However, non-Hungarian citizens will have to undertake a few extra steps in the purchase process - such as applying to purchase a property through the Administrative Office. This can take up to three months.