Looking to build your future in Hungary? Acquiring real estate can be an important step toward long-term residency. While property ownership alone does not automatically grant residency, it can support your relocation plans and demonstrate your long-term commitment to living in the country.
At HELPERS, we combine over 20 years of immigration and real estate expertise to help international clients find the right property while navigating residency-related opportunities. Whether you are relocating with your family, planning a long-term stay, or seeking greater stability within Europe, we can guide you through every stage of the process.
Our experts help you identify suitable residential properties, coordinate the purchase process, and provide immigration-related guidance so you can make informed decisions with confidence.
Exclusively through Helpers, there is now a fast and easy way for you to become an EU resident through investment in Hungarian real estate. This program is similar to well-known programs available in Spain or Portugal – but it costs much less, and the processing time is much shorter.
This option involves acquiring and managing property through a local business, so it is essentially a type of business immigration. If you are interested in the Golden Visa, which offers residency through direct investment into a real estate fund, please visit our Golden Visa page.
Investment: purchase of at least two apartments, ca. EUR 240,000 in total.
Company setup and one year maintenance, administration, legal and personal assistance by Helpers: EUR 20,000 (+VAT) including:
Processing time: ca. 3 months
Hungarian company formation is the fastest and simplest in the European Union, as it takes only 4-5 business days, and whatever nationality you are, you will need only a document of identification – mostly your passport. You have to travel to Hungary only for the company bank account opening, and you can start your activity right away. Your main activity will be property management (as the income of your company will come from renting the property you purchase), but through your company and automatically granted EU VAT number you will also be able to do other forms of business in Hungary and in the EU if you wish to.
Your business activity will mainly consist of renting the real estate you purchased. To make your business feasible, you will be required to buy property that is likely to attract reliable tenants. In Hungary (and Budapest) there are various kinds of real estate, from apartments in historical buildings to flats in block buildings. With the help of our extensive network, we will help you choose the (at least two pieces of) real estate that will make the best turnover for you.
If you are running a successful business and have steady income in Hungary, you become eligible for residency. A solid business plan will confirm the viability of your company and support your residency application. Moreover, if you are already a resident, you can bring along your family (your spouse and underage children).
Most importantly, buying property does not automatically grant residency. Setting up a company for real estate management and renting it out for a steady income, however, can make you eligible. There are several residence permit options available that may allow you to live in Hungary long term, and our immigration specialists can help you identify the most suitable solution for your situation.
EU and EEA citizens can generally purchase residential property in Hungary without restrictions. At the same time, non-EU citizens may need to obtain a purchase permit from the local government before the transaction can be completed.
A Hungarian business, however, can purchase Hungarian real estate without a purchase permit, even if the owner of the company is a non-EU national.
In addition to the purchase price, buyers should also consider additional costs such as:
Our team provides a transparent overview of all expected costs before you proceed with a purchase. Naturally, we will guide and help you through every step.
The Hungarian real estate market has its peculiarities that reflect Hungarian culture and history. If you are interested in making a real estate investment in Hungary, it makes sense to get familiar with local concepts even before you start browsing property listings.
In Hungarian, area is always given in square meters (sqm, m2, or m2). The size of the floor space, the garden, or even the entire plot will most probably be indicated in square meters. 1 square meter is around 11 square feet. You can find a simple calculator here.
In Hungarian, the ground floor is called “földszint” (literally “ground floor”). The first floor is one floor up from that. The Hungarian word “emelet” means upper floor, so if an apartment building is “10 emeletes”, it will normally have 10 floors above the ground floor.
The ground floor can be a few steps above or below the level of the street, but the difference cannot be a full level. Sometimes the lowest floor of a building will be several steps above ground – typically if the street is on a slope. In that case, the ground floor may be called “magasföldszint”, which might be translated as high or raised ground floor.
“Félemelet” literally translates to “half floor”, although sometimes it is also called a mezzanine. You will typically find these in houses built before World War II. Originally, a half floor held rooms that belonged to stores that operated on the street level of a house, but later the designation was used to add extra levels to a house. For example, if someone got a permit to build a house with 3 upper floors, they could build a house of up to 6 floors above the ground floor by adding half floors between official floors.
Fun fact: In some old houses of Pest, you will get a ground floor, a raised ground floor, and a half floor; the “first” floor will come only above that.
“Szuterén” is basically an apartment in the basement, although it has still windows. Sometimes it is called a “félszuterén” (meaning “half subterranean”) to distinguish from levels fully below ground – although actual living spaces are rarely created there.
In the U.S., it is typical to indicate the number of bedrooms on a listing. In Hungary, you will see the number of total rooms, which will include e.g. the living room, the library, or the game room, but exclude wet rooms like the kitchen, the bathroom, or the laundry room.
A proper room in a modern building cannot be smaller than 8sqm (86sqft), but especially in old houses, you will see the designation “félszoba” (meaning “half a room”). This denotes rooms that are between 6-8sqm, but they still have heating and windows. A room under 8sqm without heating or windows is called an “alkóv” (alcove), and they are typically used as bedrooms.
In Hungary, the kitchen is traditionally a separate room, but over the last 30 years, open plan kitchens have become more widespread too. They are called “amerikai konyha”, since the design originates from the U.S.
In apartment buildings, many homes have balconies (“erkély”), the floor space of which is included in the listing. Sometimes you get a proper, open balcony which protrudes from the building, but sometimes the balcony is basically a recess in the façade (in which case it is also called a “loggia”). Both types may be covered (usually glassed over), in which case we talk about a “built-in balcony” (“beépített erkély”).
Sometimes an apartment only has a “French balcony” (“francia erkély”), which is nothing more than a narrow ledge with a barrier in front of a door.
Many Hungarian homes have “távfűtés” (central heating), meaning that they do not have a boiler of their own; water for the heaters and the wall taps are heated at a separate facility, and distributed to the entire neighborhood from there, which is considered more cost-effective and convenient.
If a home has its own boiler, it is often called a “cirkó”, short for the circulation system built just for the home. Boilers are typically powered by gas or electricity.
When you buy real estate in Hungary, it will not be typically furnished or equipped. However, “built in” furniture and equipment cannot be removed after the sale. While Hungary is not big on walk-in closets, many homes have built in wardrobes (“beépített szekrény”), which are part of the design. Air-conditioning, heaters, and water features (shower, bathtub, sinks, toilets) usually stay.
Things that were custom-made for the home are typically included, like kitchen cabinets or specific pieces of furniture. In houses with high ceilings, sometimes there is a loft (“galéria”) to allow a more efficient use of space – that will usually stay too.
If you are not sure what stays and what goes after a viewing, make sure to ask.
Budapest districts are traditionally numbered with Roman numerals, although the use of Arabic numerals is getting more and more widespread, especially in English.
Fun fact: For property listings, it is common to list only the ZIP code and not the full address because a ZIP code can already tell you the approximate location. Each Hungarian ZIP code has 4 digits. Budapest ZIP codes always start with a “1”, and the next two digits tell you the district. For example, the ZIP code 1117 tells you that the property is located in Budapest, in District 11.
There are various types of apartment complexes in Hungary, typically depending on when they were built. Typical types of apartment complexes are:
In the second half of the 19th century and the first half of the 20th century, many apartment building were built in Pest for the workers (“bérház”) and for the bourgeoisie (“bérpalota”). They are made of bricks, and typically have high ceilings (3-5m). Apartments can be reached through open corridors that run on the inner façade of the house (called a “gang” as a German loanword), above a paved inner courtyard. Since most of these buildings are in downtown Budapest, buying an old apartment and renovating it can be an excellent investment.
Between the 1960s and 1990s, many apartment complexes were built from prefabricated concrete blocks (called “panel” in Hungarian). In Budapest and other cities, there are entire panel neighborhoods, which are nevertheless walkable areas with all kinds of facilities (schools, shops, clinics, parks) thanks to conscious urban planning. When buying such an apartment, the experience of living there will depend a lot on the neighbors, because concrete walls conduct sound unfortunately well.
Apartment complexes are still being built, with modern technology, up to modern standards. New ones are typically in the outer districts of Budapest or just outside the city limits, although not necessarily: the Helpers Office is located in Budapart, which is a new housing development with various apartment complexes near the city center.
Different types of lands allow for different use, with different buildability (meaning that there will be a limit on how much of the land you can use for building on it) and various additional expectations.
Important: The type of land is always shown on the title deed and it is legally binding. This official classification should be checked before purchase to see if it matches current appearance and intended use.
Helpers has more than 20 years of experience supporting foreigners living, working, and doing business in Hungary. This includes assistance with real estate investment whether you are looking for a home for yourself or for a business asset. Additionally, if you set up a company for property management and purchase real estate through that, you will be eligible for Hungarian residency, which grants you visa-free access to the Schengen zone.
Monday – Friday
9am – 5pm CET
Helpers Hungary Kft
Budapart Gate
Dombóvári út 27
Budapest 1117, Hungary
If you’re visiting us, please use entrance A and come to the 2nd floor.