According to a report in the Hungarian Gazette on December 20, the Hungarian government has cancelled the €500,000 direct real estate investment pathway within its Guest Investor Program (GIP).
The change to cancel the real estate investment plan occurred less than six months after the program was launched in July 2024. Currently, the Hungarian government has not yet issued any official public statement regarding the policy change; we await official documents from the Hungarian government. For further details, please follow subsequent reports from Worldway Group.
According to relevant reports, this change may be attributed to Hungary's changing housing market conditions. "When the new immigration bill was introduced, this policy made sense. But now, a year later, the Hungarian real estate market is under pressure. Rents are rising, and the government may not want to create more direct competition for the real estate market through the GIP, which would exacerbate the situation."
For investors who have already planned to obtain Hungarian residency through real estate investment, this is undoubtedly a significant blow. Currently, if investors wish to immigrate through the Hungarian Golden Visa program, they may need to consider other types of investments. For example, by investing at least €250,000 in a government-designated real estate fund, they can be issued a 10-year renewable residence visa, which can be converted to permanent residency and citizenship upon meeting the conditions.
The first fund immigration project is now officially launched. As of now, clients have successfully completed fund subscriptions and obtained their status. The Hungarian immigration fund project is now accepting subscriptions; applicants are encouraged to seize the investment opportunity! Hungarian status planning is not only a choice for settling down but also a gateway to European life. Whether you are considering investment, entrepreneurship, or residence, Hungary is an ideal choice with its accessible cost-effectiveness!
In recent years, immigration policies in various countries have been changing rapidly, especially in Europe, where the issue of abolishing "investment immigration programs" has been a subject of constant debate. Previously, the European Parliament proposed to shut down investment immigration policies by 2025. For those who have dreams and aspirations of immigrating to Europe, this is by no means a time for hesitation, but a critical moment to take decisive action. Currently, for immigrating to Europe, Portugal, Greece, and Malta are also good choices. Submit your application early and start your new life of European immigration sooner!
For inquiries in mainland China: 400-138-2929, Hong Kong customer service center: (852)2802 8798
Some materials in this article are sourced from the internet, and the copyright belongs to the original author. If there are any copyright issues, please contact us for removal.
* Investment involves risks; the above information is for reference only. *