Published: June 06 2023
Hungary, located in Central Europe, is attracting much attention from those seeking to relocate abroad. Its rich history, beautiful landscapes, and affordable cost of living make it an excellent choice for many. A common question that arises among those looking to move to Hungary is, "Can I get residency in Hungary if I buy a house?" In this blog post, we discuss the pathways to residency in Hungary, as well as the process of purchasing a property.
Residency through Property Ownership
While purchasing a property in Hungary might seem like a straightforward way to secure residency, it's important to note that buying a house does not directly grant residency status. Property ownership is just one of several factors that the Hungarian authorities may consider when reviewing an application for residency. However, owning property in Hungary can strengthen your residency application, especially if you intend to purchase it for long-term use.
Residency through Employment or Business
One common pathway to Hungarian residency is to obtain a job or establish a business in the country. This means that if you plan to move to Hungary and work there or set up a company, you may be eligible for a residence permit. Having a stable job, running a business, and owning property can contribute to a more favorable assessment of your residency application.
Provided you meet the legal requirements and have the proper documentation, you can apply for an "employment-based residence permit" or an "entrepreneurial-based residence permit." In general, your employer or your business should sponsor your application.
Residency through Family Ties
Family reunification is another way to obtain Hungarian residency. If you have a spouse, registered partner, or minor child who is a Hungarian citizen or has legal residency in the country, you can apply for a "family unification residence permit."
In addition to the required documentation proving your relationship, owning a house in Hungary can further support your application by demonstrating a commitment to long-term residence in the country.
EU Blue Card
The EU Blue Card is a work and residency permit designed for highly qualified non-EU nationals intending to work and live in a European Union member country like Hungary. To qualify for an EU Blue Card, applicants must have a job offer from a Hungarian employer and hold a university degree or higher.
While property ownership does not play a direct role in obtaining the EU Blue Card, owning a house can be beneficial during the application process as it displays a commitment to residing in the country.
Purchasing a Property in Hungary
If you're considering buying a house in Hungary to bolster your residency application, it's crucial to understand the property purchasing process. Here are some essential steps:
- Find a Property: Research and find suitable properties through real estate agents, online listings, or local newspapers.
- Make an Offer: Once you have chosen a property, negotiate the price with the seller or their agent. You may also want to hire a lawyer to help you draft the contract or a property surveyor to assess the property’s condition.
- Sign the Sales Contract: The lawyer will draft a sales contract, which outlines the property details, payment terms, and both parties' responsibilities. Both the buyer and the seller must sign the contract.
- Apply for a Title Deed: The buyer (or their representative) should apply for a title deed at the local land registry office. You will have to submit the sales contract and other relevant documents.
- Pay Taxes and Fees: Buyers should pay the necessary taxes and fees, such as property transfer tax, registration fee, and legal and agent fees.
- Transfer of Ownership: The local land registry office will update the land registry, finalizing the ownership transfer.
Conclusion
While property ownership alone does not grant residency in Hungary, it can strengthen your application when combined with other factors such as employment, business activities, or family ties. It is essential to thoroughly research and understand the requirements for acquiring residency and the steps involved in purchasing a property in Hungary. Consult with legal, tax, or migration experts to help clarify any uncertainties and ensure a smooth process.
