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Monday, April 23, 2018

Chinese buyers attracted to Hungarian real estate | The Budapest Business Journal on the web | bbj.hu

Chinese buyers attracted to Hungarian real estate | The Budapest Business Journal on the web | bbj.hu: Annually about 150,000 real estate purchase contracts are signed in Hungary. Of these, some 3,200 required permission from authorities last year, which is a 10% increase compared to 2016. Permission is required for non-EU citizens, vg.hu notes.

Within this group, purchases by Chinese buyers were 20% higher last year; however, the rise was not from a significant base, as the increase was from 1,213 to 1,573 homes purchased. Second-ranked are Russians, with real estate bought mainly in H�v�z, known as a thermal bath resort, and in parts of central Budapest, especially in Districts 6 and 7.