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Foreigners Buy Around 8,000 Homes in Hungary in 2022

Residential

Photo by Fabio Balbi/Shutterstock.com

Foreign nationals bought about 8,000 homes in Hungary last year, beating the previous record of 7,300 set in 2018, news agency MTI writes, citing data compiled by the Central Statistical Office (KSH).

Germans were the biggest group of foreign buyers, purchasing 2,127 homes. About half of German home buyers bought property in either Somogy or Zala counties, both on the country's western border. Germans paid, on average, EUR 29.1 million for their homes.

Slovakians were runner-up, buying 1,042 homes. They bought homes most frequently in counties bordering Slovakia: Borsod-Abaúj-Zemplén and Győr-Moson-Sopron, paying HUF 27.9 mln on average. Close to two-thirds of Slovakian home buyers were age 65 or older.

Chinese nationals, who were earlier the second-biggest group of foreign home buyers in Hungary, bought 814 residential properties, of which 94% were in the capital. They paid HUF 63.3 mln, on average, for the homes they bought.

Romanians bought 750 homes in Hungary last year, Brits bought 690 and Austrians purchased 462.

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