Hungary · Budapest to the Western Axis · Own team on the ground

Hungary, Europe’s fastest market!

Up 21 percent in a single year – no EU country grew faster in 2025, and since 2010 the rise adds up to 230 percent. We have worked with our own team in Hungary for years, and we price the boom soberly: in euros, after tax, with the resale in mind.

View our properties in Hungary
+21.1 %
Price growth, one year
Fastest in the EU (Eurostat, Q3 2025) – momentum shifting to the regions
+230 %
Since 2010
Number one among all EU countries for long-term price growth
8,000
Foreign buyers 2024
A new record – led by German, Slovak, Chinese and Russian buyers
€2,900/m²
New build, Budapest
A fraction of Viennese prices – with rental yields up to 8 %
Sources: Eurostat, KSH, ingatlan.com, Duna House, OTP Ingatlanpont – 2025/26. Foreign share of turnover: 6.4 % (€803m).

Gross rental yields by region:

Ranges from 2025 market and rental data. The boom is regionally very uneven – and the euro calculation decides, not the forint headline.

RegionGross rental yieldNotes
Budapest, inner districts4.5–6 %Highest liquidity – but prices have plateaued; Airbnb ban in Terézváros from 2026
Budapest, outer districts5–8 %Roughly 40 % investor share – tenant demand driven by inflow and students
Western Hungary (Győr–Sopron)5–7 %Industrial axis within commuting range of Austria – our core territory with its own team
Lake Balaton3.5–5 %Holiday market: emotionally strong, seasonal letting – model the exit before you enter
Vienna Zinshaus (benchmark)4.00 %Reference from our home market – in euros, without currency risk

Ranges: ingatlan.com, Duna House, KSH 2025/26. We price every asset individually – in euros, after tax, with a resale scenario.

Both sides of the ledger

We sell Hungary the way we sell everything: with numbers, including the inconvenient ones – currency, regulation and exit included.

The case for Hungary

Momentum · Entry price · EU framework
01Momentum: the fastest price growth in the EU – carried by population inflow, new industry and a state-backed 3-percent loan scheme for first-time buyers.
02Entry: new builds in Budapest from about €2,900/m², existing stock well below – at yields Vienna rarely reaches.
03EU framework: EU citizens acquire residential and commercial property: without permits, with full land-registry title – rental income is taxed in Hungary at a flat 15 %.
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What we test regardless

Currency · Regulation · Exit
01The currency: rents arrive in forint, your calculation runs in euros. We currency-adjust every yield – exchange rates have eaten more than one boom.
02Regulation: Terézváros bans Airbnb from 2026, restrictions on foreign buyers are under political discussion, and farmland is effectively closed to non-farmers.
03The exit: outside Budapest and the western axis, the resale market is thin. We model the sale scenario before you buy – not after.
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From Vienna into Hungary – Five steps.

One counterpart on both sides of the border: strategy in Vienna or online, execution in Hungary, management afterwards.

01Strategy meeting in Vienna or online: objective, budget, region – and the honest calculation in euros, not forint headlines.
02Selection with our own team on the ground: Budapest, the Győr–Sopron axis, Balaton – screened for tenant demand and resale position.
03Viewing together on site – one hour’s drive from Vienna, accompanied in English or German.
04Purchase: Hungarian law requires a lawyer – contract drafting by the ügyvéd, land-registry entry, 4 % transfer duty. We coordinate everything bilingually.
05After the purchase: letting, management and the eventual sale through our team – including marketing Hungarian assets to our DACH and international buyer base.

Your acquisition profile

We maintain a structured register of qualified buyers – from Vienna via Győr to Budapest. The more precise your profile, the earlier you hear from us: assets from our Hungarian pipeline reach you before they are advertised.

Your details are transmitted by e-mail to office@immotrading.at and used exclusively for property matching and our buyer register. No disclosure to third parties; deletion at any time on request.

Alternatively, create a search profile in our service portal – new mandates are matched against it automatically.

The bridge carries both ways

More and more Hungarian entrepreneurs and families hold wealth in Vienna: euros instead of forint, land-registry title instead of currency risk – one hour’s drive from Győr. As EU citizens, Hungarians buy in Austria without permits; we advise discreetly, in English or German.

Vienna for international investors – English page

Frequently asked questions

Can foreigners buy property in Hungary?

EU citizens – including Austrians and most international investors buying through an EU structure – acquire residential and commercial property in Hungary without a permit, with full land-registry title. Non-EU nationals generally need an acquisition permit from the county government office, which is routinely granted for residential purchases. Farmland is effectively closed to non-farmers.

What yield does Hungarian property achieve?

Gross rental yields in 2025 ranged from about 4.5 to 6 percent in Budapest's inner districts, 5 to 8 percent in the outer districts, 5 to 7 percent along the western Győr–Sopron axis, and 3.5 to 5 percent at Lake Balaton. The euro-adjusted net figure decides – we model every asset after tax and currency effects.

What taxes and costs apply?

The buyer pays a 4 percent transfer duty plus lawyer's fees – Hungarian law requires contract drafting by an ügyvéd. Rental income is taxed at a flat 15 percent. On resale, capital gains are tax-free after five years of holding. We coordinate the full process bilingually with Hungarian counsel.

Budapest, Balaton or Western Hungary – where to buy?

Budapest offers the deepest rental market and highest liquidity; the outer districts out-yield the plateaued inner ones. The western axis around Győr and Sopron combines industrial growth with commuting distance to Austria – our core territory with our own team. Balaton is a holiday market: emotionally strong, seasonally let – we model the exit before you enter.

How large is the currency risk?

Rents arrive in forint while your calculation runs in euros – the exchange rate has eaten more than one boom. We currency-adjust every yield and stress-test the resale scenario. New-build contracts are increasingly euro-denominated, which shifts part of the risk to the developer.

Does ImmoTrading also sell Hungarian properties?

Yes. We market Hungarian assets – from Budapest apartments to commercial properties on the western axis – to our DACH and international buyer base, and we manage lettings and eventual resale through our own team in Hungary. One counterpart on both sides of the border.

Let’s talk about Hungary!

Strategy meeting in Vienna, viewing one hour’s drive later – our team works on both sides of the border. The first conversation is without obligation and takes half an hour.

+43 664 350 4000 office@immotrading.at