Hungary · HUN · snapshot 2026-10-06
Hungary
Measured
Currency movement
-6.8%
The local currency bought more euros at the end of this window than at the start — a more expensive entry for a euro-denominated buyer, and a better exit for anyone already holding the asset.
What it does not show. It is not a forecast and not a property return. A currency move and a price move are different facts and routinely point opposite ways; nothing here says which way either is going next.
Foreign-buyer rules
2 of 2 published rules apply
These are the restrictions a foreign buyer meets before price is even discussed — approval regimes, surcharges, ownership limits.
What it does not show. It is not a completeness claim. A rule we have not read is not a rule that does not exist, and this row counts what is cited, not what is in force.
Cost of money
5.5%
The price of money to banks in this jurisdiction, which sets the floor everything else is priced from.
What it does not show. It is emphatically not a mortgage quote. What a non-resident is offered is a different number, usually much higher, and the gap between them is where a market's financing story actually lives.
Supply against absorption
Not measured
No statistics agency for this market has been read and cleared for republication. Two have been anywhere: Canada and Singapore. The data very likely exists; the permission to publish it has not been established.
Residential price cycle
209.2 against a 2015 base of 100
House prices have risen faster than consumer prices since 2015 — the market is above its own inflation-adjusted level of that year.
What it does not show. It is a position, not a direction, and it is not a valuation. Deflating by consumer prices says nothing about what the asset yields or what credit costs, and a market can sit above its 2015 level for years without that meaning anything is due.
Valuation against its own history
Not measured
The OECD house-price dataset does not carry this territory, so there is no ratio to state. The dataset covers its members and a set of partner economies, and most of the world is in neither.
On the market now
Not measured
No listings platform has been read for this market. The one platform this site can read covers Russian cities only, and inventing a count for anywhere else would be worse than an empty row.
No dossier has been written for this market yet. What follows is the measured layers and the rules, each with its source — not an argument about whether to be here. A market reaches this page as soon as two layers can be cited, because an unwritten thesis is a reason to publish less, not a reason to publish nothing.
The series behind those figures, and the workings
Currency
-6.8%
Twelve-month move in HUF per euro, 391.6300 in 2025-09 to 364.9259 in 2026-09. Positive means the local currency weakened. Source: European Central Bank monthly reference averages.
364.9500
Latest daily fixing, HUF per euro on 2026-10-06. Shown because it is what a reader would see if they went and looked; the window above uses monthly averages, which one volatile day cannot move.
Against other base currencies
A market is cheap or dear relative to the capital entering it, so the same twelve months read differently depending on what the buyer holds. Both legs are quoted per euro, so the euro cancels and no third source is involved.
| Buyer holds | HUF per unit, 2025-09 | HUF per unit, 2026-09 | Twelve-month move |
|---|---|---|---|
| US dollar (USD) | 333.8070 | 316.9623 | -5.0% |
| Pound sterling (GBP) | 450.6957 | 425.2596 | -5.6% |
| Swiss franc (CHF) | 418.8739 | 386.9896 | -7.6% |
| Singapore dollar (SGD) | 259.7799 | 249.0653 | -4.1% |
| Australian dollar (AUD) | 220.0798 | 225.7386 | +2.6% |
Cost of money
5.5%
Central bank policy rate, 2026-08. Source: Bank for International Settlements.
This is the price of money to banks, not the price of money to a non-resident buying a building. The gap between those two is where a market’s financing story actually lives, and it is not in this number. A mortgage quote for a foreign buyer depends on the lender, the asset and the borrower, and no public dataset carries it.
BIS terms permit this figure on a free page and state that nothing in their statistics constitutes investment advice. They also allow inclusion in a commercial product only where it adds no charge, so this series is published here and is not priced into any paid work.
Background
Annual national statistics from the World Bank, under a licence that permits reuse with attribution. They describe the country; they do not time an entry, and they are not counted as measurements of this market — otherwise every territory on earth would claim to be measured on the strength of one dataset.
| Indicator | Value | Year |
|---|---|---|
| GDP per capita | 25,907 US$ | 2025 |
| Consumer price inflation | 4.4 % | 2025 |
| Population | 9,514,251 | 2025 |
| Urban population | 70.7 % of total | 2025 |
| Official exchange rate | 353.1400 per US$ | 2025 |
What the rules do to a foreign buyer
Each entry cites the instrument and the authority page it was read from, with the date it was retrieved. Facts of law change; the retrieval date is how you know how old this reading is.
| Topic | How it fails you | In force | When it bites | Applies to | What applies | Instrument | Read on |
|---|---|---|---|---|---|---|---|
| Non-agricultural property needs a foreign-buyer permit unless exempt | Somebody has to say yesMoney does not open it | In forceNot stated by the source | On the way in | All propertyYour passport | Hungary's capital or county government office must authorise acquisition of property other than agricultural or forestry land by covered foreign natural and legal persons. The official guidance exempts EU/EEA nationals and entities, Swiss nationals, qualifying dual nationals, inheritance and refugee/protected-status cases. An ordinary Hungarian residence or settlement status alone does not remove the permit requirement for a covered non-exempt natural person. The guidance's Swiss exemption is for nationals, not an asserted blanket exemption for Swiss companies. Agricultural and forestry ownership must be assessed under a different regime. | Act LXXVIII of 1993, Section 1/A, as described by the Budapest Government Office in its guidance for proceedings begun after 1 January 2023. | 2026-09-06 |
| The permit review includes reciprocity and municipal interests | Somebody has to say yesMoney does not open it | In forceNot stated by the source | On the way in | All propertyBoth are asked | Under the current non-agricultural acquisition decree, a government office may refuse a covered foreign applicant where their home state does not give Hungarian nationals and Hungarian-seated legal persons at least domestic-equivalent treatment by treaty or reciprocity. Exceptions include ending co-ownership and a natural person's specified five-year residence plus three-year employment history. Reciprocity is presumed until contrary foreign-minister guidance. Public-interest, identity and transfer-intent checks also apply. The current text additionally treats disregard of applicable municipal property-protection provisions under the local-identity law as harm to municipal interests. No municipality's ordinance or applicant's reciprocity position has been resolved here. | Government Decree 251/2014 (X. 2.), Sections 1-6, current text in Hungary's National Legislation Database, including the amendment by Decree 485/2025. | 2026-09-06 |
What is missing, and why
supply — Source does not cover this market
The dataset simply does not include this territory. Absent, not zero.
No statistics agency for this market has been read and cleared for republication. Two have been anywhere: Canada and Singapore. The data very likely exists; the permission to publish it has not been established.
What supports this, what would make it wrong, and how it could go
Record
| Why this market is on the list | Added because two layers already covered it from sources whose licences are confirmed — the ECB reference rate for the currency and the BIS policy rate for the cost of money — and neither needed a new grant, a new connector, or a new fetch. The friction layer was opened on 2026-09-06 from government-office guidance and the current non-agricultural acquisition decree. Agricultural and forestry ownership remains unresearched. It is on the screen because it is measured, not because it was chosen. |
|---|---|
| Dossier | None written. Layers and rules only, which is why this market reads as “Measured” rather than reviewed. |
| Next review | 2026-11-15 |
| Evidence snapshot | 2026-10-06 |