The First Hungary Golden Visa Real Estate Fund Approved

Brittany Collins

The Hungary Golden Visa program has achieved a major milestone with the approval of its first real estate investment fund. From now on, third-country investors can obtain Hungarian residency by investing €250,000 or more in real estate fund units.

SPRINT Fund Gains Approval

On October 29, 2024, the SPRINT Hungary Real Estate Development and Investment Fund became the first licenced fund under the program’s fund unit purchase option. The approved fund, managed by SPRINT ASSET Hungária Zrt., is now officially listed by the National Bank of Hungary.

The approval of the first fund allows Guest Investor Visa holders, who had already expressed intent to invest in fund units, to move forward with securing their Hungarian residency.

New Qualifying Real Estate Funds on the Horizon

According to Hungarian authorities, four additional real estate funds are currently under evaluation. Their approvals are anticipated in early 2025.

The licensing process for real estate investment funds under the Hungary Golden Visa program is rigorous. Funds seeking approval must pass national security screenings conducted by the Constitution Protection Office and meet high asset management criteria, as follows:

Alternative fund managers must oversee assets of at least €100 million or €500 million for funds with no leverage and a minimum five-year investment period.
Non-alternative fund managers must manage real estate assets valued at €600 million or more.

These stringent criteria aim to ensure the integrity and stability of the investment options offered to Golden Visa applicants.