Do you dream of owning property in Hungary as a foreign citizen? With the right information and support, that dream can become a reality. Navigating the loan and support systems may seem daunting, but armed with the right knowledge, you can confidently take the steps towards owning your dream home in Hungary. This comprehensive guide provides valuable insights into the process, ensuring you're well-prepared to embark on your real estate journey.

Eligibility Criteria:

The first step towards securing a loan in Hungary is establishing lawful residence in the country. EU citizens can certify their permanent stay with a registration card, while third-country nationals need a permanent residence permit after three years of continuous stay. These applications are processed through the immigration office, setting the stage for your loan application.

Hungarian Address Card, Verified Income, and Property Value:

Once residency is confirmed, obtaining a Hungarian address card is essential. This document verifies your permanent residence address, a prerequisite for all loan applications. Additionally, you'll need to demonstrate verifiable income and, for mortgages, provide details of a property with market value.

Real Estate Acquisition:

Third-country nationals must adhere to additional regulations when acquiring real estate in Hungary, including obtaining official permits. While this may seem like a hurdle, these permits are typically a formality, albeit with some processing time required.

Loan Options:

Hungarian banks offer a range of lending terms, with some catering exclusively to Hungarian-speaking clients and others extending services to foreign borrowers. Researching and comparing loan products is key to finding the right fit for your needs.

State Subsidies and CSOK:

Hungary provides various state subsidies for property plans, particularly targeting families and couples planning to expand. The Hungarian family housing allowance, CSOK, offers non-refundable allowances and favorable interest rates for property purchases. However, eligibility criteria changes in 2024 signal a shift in priorities, favoring rural investment options. While the maximum amount of CSOK will increase, eligibility for certain benefits will be restricted, particularly in urban areas with populations exceeding 5,000. Additionally, the age limit for women applying for the prenatal loan will be reduced to 30 from 40, reflecting the government's intention to encourage earlier family planning and rural investment.

Expert Guidance:

Navigating the complexities of Hungarian real estate investment is made easier with expert guidance. JCE Consultancy, in partnership with Selling Budapest, offer comprehensive support throughout the loan, residence permit application and property acquisition process. From loan applications to property selection, their expertise ensures a seamless experience for buyers.

Are you a retiree or a wealthy investor seeking the prospect of investing in European residency? The 2024 Hungary Golden Visa Program is an attractive investment residency program suitable for individuals seeking European roots. It is the latest and most enticing initiative in the European Union, offering significant benefits to investors.

Investment Options

The Hungary Golden Visa Program provides investors with three enticing investment options:

• Bonds Investment: Invest EUR 250,000 in bonds issued by a real estate trust registered by the Hungarian National Bank (MNB).
• Real Estate Purchase: Purchase residential real estate in Hungary valued at EUR 500,000.
• Charitable Donation: Make a donation of EUR 1 million to a recognized cultural or educational organization.

Benefits of the Program

The Hungary Golden Visa Program stands out among other residency permits due to the extended validity of up to 10 years. A stable residency is an advantage, especially for those seeking long-term security and stability. The program offers flexibility and unity for the entire family.

Investors are also exempted from the obligation of spending a significant portion of their time in the host country, providing them with sufficient freedom to manage their time and travel as they please, as long as the investment is maintained.

Navigating the Program

JCE Consultancy, in partnership with Selling Budapest, offers tailored assistance that meets the unique needs of investors seeking to explore Hungary's Golden Visa Program. The team provides expert guidance on investment options, grants access to prime residential and commercial properties, and offers full support throughout the application process.

Seize the Opportunity

With a promising prospect of Hungary becoming an even more attractive destination for investors seeking EU residency and visa-free travel to Schengen nations, now is the time to capitalize on the 2024 Hungary Golden Visa Program. Don't miss out on this remarkable opportunity. Schedule a free thirty-minute consultation call with us today and start your journey towards European residency through strategic investment.

Conclusion

The 2024 Hungary Golden Visa Program offers long-term stability, flexibility, and an opportunity to seek European roots. With a range of sound investment options, extended residency, a flexible environment, and our tailored assistance, investors can turn their dreams into reality and embark on a journey of exploring Hungary's Golden Visa Program.