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Hungary launches new golden visa program

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Residence permits will be provided for those who purchase expensive properties

What has happened? Hungary will offer residence permits to those buying expensive property in the country, six years after authorities shut a similar golden-visa program.

Requirements. The "Guest Investor Program" will allow those who invest at least €250,000 in local real estate funds or €500,000 in Hungarian real estate the right to apply for a 10-year renewable residence permit in Hungary.

As an alternative, donations of at least €1 million to so-called public funds, which the government has set up to oversee universities, will also be eligible.

Context. Hungary closed a similar program in 2017. It provided residence permits and free travel to the EU to buyers of €300,000 worth of government bonds. The program led to a surge in migration from China and Russia and was closed after media reports of alleged corruption and insufficient vetting of candidates.

Real estate offers that allow to participate in the program:
Hotel for 990 000 euro in Budapest, Hungary
990 000 €
Hotel in Budapest, Hungary
286 sq.m 4% per year
Five years ago, in February 2014, GARAY TERRACE RESIDENCE, a new mini-hotel, opened its doors in Budapest, offering its guests a great stay in rooms with a wonderful view of the city and the Buda hills. Thanks to its convenient location, you can easily walk to the Varoshliget City Park, Andrassy Avenue, Heroes' Square, the Secheny Swimming Pool,...
WESTINVEST
Flat for 524 000 euro in Budapest, Hungary
524 000 €
Flat in Budapest, Hungary
116 sq.m 4 3 2
In the center of Budapest (district 5), near the Basilica of St. Stephen, a newly renovated Luxury apartment with high ceilings is for sale.The two-bedroom apartment is located on the 3rd floor of an old classic house.As part of the overhaul, the interior of the apartment was built almost anew, all communications were replaced with new ones.New...
WESTINVEST
Flat for 1 210 000 euro in Budapest, Hungary
1 210 000 €
Flat in Budapest, Hungary
646 sq.m 16 10 7
In the 3rd district of Budapest, in its part called Chillaghed, an exceptionally large family residence is offered for sale, located on a large plot with a well-maintained garden. The Mediterranean-style building consists of two separate residences, each with 2 apartments and large winter gardens. Apartments in the first building: The...
WESTINVEST
Office for 5 000 000 euro in Budapest, Hungary
5 000 000 €
Office in Budapest, Hungary
3360 sq.m
Online Viewing Remote Transaction
District 9, the business part of the city, the office complex consists of basement, first and second floors. Office space with a total area of ​​3.360 sq. m. Is currently leased to more than 85% of the area of various types of tenants. EBITDA at current occupancy of HUF 165 million (USD 576.675, or EUR 473.385), and at 100% lease, HUF 194...
Perfect Invest Hungary Ltd.
House for 910 000 euro in Budapest, Hungary
910 000 €
House in Budapest, Hungary
260 sq.m 5 4 4
On a quiet street 2A of the Budapest district, near the protected forest, a family house - villa built in the style of "Minimalism" with an area of 260 sq.m., facing south, with an eternal panoramic view (4 rooms, 4 bathrooms, kitchen-dining room-living room, garage for two cars) is for sale.Entrance and interior doors and windows, custom-made,...
WESTINVEST
Villa for 5 000 000 euro in Budapest, Hungary
5 000 000 €
Villa in Budapest, Hungary
641 sq.m 8 5
For sale a new luxury villa built on the most elegant street of Mount Schwabhead in the elite 12th district of Budapest.On the border between Mount Schwabhead and Mount Orban, an ultra-modern villa is for sale, with an incomparable panorama, with a Smart Home system, with a huge covered garage for 8 cars and an OTIS elevator connecting all...
WESTINVEST
Commercial apartment building for 3 500 000 euro in Budapest, Hungary
3 500 000 €
Commercial apartment building in Budapest, Hungary
1220 sq.m
In the 14th district of Budapest, in the area of villas and family houses near the central city park Varosliget, in a green environment, real estate and a project company with all construction permits and project documentation are offered for sale. The building is not under state protection. Real estate is a private property. The building has...
WESTINVEST
Villa for 2 415 000 euro in Budapest, Hungary
2 415 000 €
Villa in Budapest, Hungary
308 sq.m 9 7 4
In the elite 2nd district of Budapest, in the Buda part of the city on the border of Pasharet and Nyek, on a large, well-maintained plot of 2045 sq.m., with all communications, a villa built in 1928 is offered for sale after major repairs carried out in 2019. Excellent infrastructure and transport links. The historic center of Budapest is 10...
WESTINVEST
Hotel for 12 250 000 euro in Balatonvilagos, Hungary
12 250 000 €
Hotel in Balatonvilagos, Hungary
3867 sq.m
Business on sale
Balatonvilagos is located on the eastern shore of Balaton, in the Veszprem region, Balatonalmadi district, next to Balatonkenes. Route 71 passes nearby, and you can also get here by train. Operating 4* hotel with an area of ​​1.700 m2 is located directly on the shore of Lake Balaton, on a plot of 3.865 m2, has 18 fully equipped apartments, spa,...
Perfect Invest Hungary Ltd.
Flat for 560 000 euro in Budapest, Hungary
560 000 €
Flat in Budapest, Hungary
100 sq.m 4 2 1
In one of the most popular places in Budapest, on the Belgrade embankment (5th district), a furnished luxury apartment is for sale. Elegant, bright and quiet apartment with high ceilings, located on the 4th floor of an eclectic house, on the banks of the Danube, near the Central Market and Freedom Bridge, pedestrian shopping street Vaci. Luxury,...
WESTINVEST
Flat for 995 000 euro in Budapest, Hungary
995 000 €
Flat in Budapest, Hungary
159 sq.m 3 2
In the historical center of Budapest, in the 5th district, on Vereshmarti Square, at the foot of the Chain Bridge, near the Sofitel, InterContinental and Four Season hotels, in the classic 87-apartment palace, luxury apartments are offered for sale, mainly designed not for their own living, but for investment with the purpose of renting. Tenants...
WESTINVEST
Flat for 520 000 euro in Budapest, Hungary
520 000 €
Flat in Budapest, Hungary
98 sq.m 3 2
In a gated residential complex located in the 2nd elite green Buda district, a modern apartment with a large terrace, with 2 bedrooms is for sale. The elegant apartment is located on the 4th floor of a small apartment building with an elevator, surrounded by a well-groomed green park. A quiet, cozy apartment flooded with sunlight. Living room +...
WESTINVEST
Apartment for 2 000 000 euro in Budapest, Hungary
2 000 000 €
Apartment in Budapest, Hungary
150 sq.m 4 3 3
Residence Online Viewing Remote Transaction
The apartment enjoys a prestigious location overlooking the most iconic landmark in Budapest. It offers a spectacular unobstructed view of the Houses of Parliament and the Danube, a panoramic that is unlikely to be surpassed. As one steps into this stunning 150 m² three-bedroom and three-bathroom apartment, one is impressed by the...
Perfect Invest Hungary Ltd.
Flat for 2 000 000 euro in Budapest, Hungary
2 000 000 €
Flat in Budapest, Hungary
150 sq.m 4 3 3
Residence Online Viewing Remote Transaction
The apartment is located in a prestigious location overlooking Budapest's most iconic landmark. The building is located exactly opposite the Budapest Parliament, you will get an unsurpassed breathtaking panorama of the Danube, even from the bedroom window you can admire the majestic view of the Parliament. Upon entering this stunning 150 m2...
Invest Budapest
Land for 3 900 000 euro in Hungary
3 900 000 €
Land in Hungary
10000 sq.m
Three plots of land on an industrial site in Szöd for sale Description of the environment The plots were built on a site for industrial logistics. The plots are located near the capital, in the interior of Sződ. It is about the settlement structure of the capital, on the border of two districts of industrial and residential areas, on a main...
Immotrading GmbH
Penthouse for 587 000 euro in Budapest, Hungary
587 000 €
Penthouse in Budapest, Hungary
130 sq.m 4
We are really pleased offering you a luxury penthouse for sale in an elegant and quiet residential area in Budapest. Location/Traffic/Infrastructure: District II of Budapest is one of the poshest districts in the city, not far from the center, the adjacent forests and green areas ensure a high quality of life. The second district is very well...
Immotrading GmbH
Flat for 569 000 euro in Budapest, Hungary
569 000 €
Flat in Budapest, Hungary
100 sq.m 2
We are pleased to offer you this outstanding fully furnished 2 bedroom luxury apartment in the city center of Budapest. The apartment has been completely refurbished recently and is ready to move in. Great opportunity to invest in a unique location in the heart of Budapest. LOCATION: Directly on the banks of the Danube, on the Belgrád quay...
Immotrading GmbH
Land for 11 964 548 euro in Hungary
11 964 548 €
Land in Hungary
480000 sq.m
The plots for sale are: 1st property! - In the inner part of the area of 2377 Örkény designated excluded construction area, total area: 196,684 m2 (approx. 20 ha), land approx. 200 m wide and 1000 m long. - The property is located approx. 500 m from the Örkény city limits, not far from the M5 motorway and approx. 30 km from the Budapest city...
Immotrading GmbH
Hotel for 1 000 000 euro in Hungary
1 000 000 €
Hotel in Hungary
802 sq.m
Hotel for sale in a beautiful natural environment, on the Danube Bend In the picturesque surroundings of the Danube Bend, in Zebegény, there is a working HOTEL, boarding house and restaurant FOR SALE. All 17 spacious, sophisticatedly designed guest rooms have double beds, bathrooms and most have a terrace or balcony. The cozy interiors are...
Immotrading GmbH
Flat for 660 000 euro in Budapest, Hungary
660 000 €
Flat in Budapest, Hungary
104 sq.m 3 2 2
In the historical palace located in the center of Budapest, an apartment with high ceilings, with a terrace with a panorama of Fashion street, on the observation wheel is for sale. Major repairs have affected all coatings, new double-glazed windows, internal doors have been installed, all communications have been replaced with new ones, and an...
WESTINVEST

Source: Bloomberg

Photo by Ervin Lukacs on Unsplash

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Tags: Hungary, Immigration, Investment, Real Estate

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