Hungary
Budapest yields up to 7.5% — EU membership, HUF currency risk; Guest Investor Programme has few approved funds and direct-property route never launched
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Currency Risk
HUF
Investment Visa / Residency-by-InvestmentIndicative — not verifiedDTA: In forceIndicative — not verifiedEU mobility96,647 monitored sale listings across all markets
Investor Profile:
Currency:
Gross Yield5%–7.5%Estimate-based
Entry PriceFrom Ft 467,690/m² (€1,290/m²)
Purchase Tax4%
CGT Rate15%
Investment Visa / Residency-by-Investment✅Indicative — not verified
Non-Res Mortgage✅
DTA IsraelIn forceIndicative — not verified
* Exchange rates shown for illustration only, based on ECB mid-market rate. Actual transactions may be subject to conversion fees.
TIER 3 — SELECTIVEMacro: 14
Israeli56.8/100
German55.4/100
French55.4/100
Dutch55.4/100
Belgian55.4/100
UK56.8/100
US56.8/100
Canadian55.4/100
Indian56.8/100
Chinese56.8/100
Other EU56.8/100
✅ Strengths
- ▸Budapest yields up to 7.5% — EU member market
- ▸Highest real interest rate in group (+4.85%) — restrains speculation
- ▸LT corporate rental outperforms STR +34%
⚠ Risks
- ▸HUF — one of Europe's most volatile currencies; 20% devaluation erases 2–3 years rent
- ▸Lowest TI CPI in EU (41); EU Article 7 proceedings
- ▸STR moratorium in Budapest Jan 2025–Dec 2026
CASABROVA Verdict
Budapest District V/VI for LT corporate. Hedge HUF risk. Avoid STR until moratorium ends Dec 2026.
Belgian: Profile adjusted score 55.4 (rank #28).
Recommended Strategy
LT corporate rental only. Hedge HUF immediately. EUR-denominated lease clauses where possible.
Based on CASABROVA Waves 1–8, current to July 1, 2026. Not financial or legal advice.
Budapest — STR moratorium January 2025
No new STR licenses in Budapest until December 2025