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In summer 2021, foreign investors returned to the Budapest housing market, driven by visa relaxation and the expansion of the CIFAH program, making the city an attractive destination once again.
Growing Foreign Interest Again
By summer 2021, signs of renewed interest from foreign investors became evident in Budapest’s housing market. After a temporary slowdown due to the COVID-19 pandemic, international interest is picking up again, thanks to relaxed travel restrictions and favorable visa policies.
Impact of Visa Relaxation
In 2021, the Hungarian government introduced visa relaxations aimed at making it easier for investors and entrepreneurs to enter and stay in Hungary. This step made it more accessible for foreign buyers and investors to participate in the real estate market and actively seek new investment opportunities.
Expansion of the CIFAH Program
The role of CIFAH (Commercial and Investment Facilitation and Advisory Hub) expanded further in 2021. The institution supports foreign investors by providing access to market information, facilitating permitting processes, and building local connections – all of which strengthen Budapest’s appeal for international real estate investments.
Investment Focus of Foreign Buyers
Foreign investors primarily target premium properties in Budapest’s city center and green districts, where there is a stable rental market and long-term value growth potential. Interest is also rising in new-build and sustainable housing projects.
Impact on the Local Market
The return of foreign investors boosts market activity, increases available supply, and helps balance demand. However, rising demand also affects housing accessibility for local residents, raising regulatory and social policy questions.
Summary
In June 2021, visa relaxations and the expansion of CIFAH facilitated the return of foreign investors to Budapest’s housing market. While this development injects new momentum into the market, it also presents complex challenges for local players.
