Citizens Of Arab Countries ‘Buying Up’ Property In Hungary
- 10 Dec 2015 8:00 AM
Altogether 16 citizens of Arab countries have bought up property in the small town of Komló, in southern Hungary, the daily Népszabadság reported, adding that no similar purchases were made in previous years. Citing information from the local mayor’s office, the paper said most of the purchases were made by Kuwaiti nationals, while the rest were by people from Egypt, Iran and Syria.
The property deals were arranged by a company registered in the nearby city of Pécs, owned by a Kuwaiti.
It is thought that the properties are used by their owners for easy access to thermal baths, Budapest, Vienna and the Adriatic, the paper said, adding that Hungary’s national security services are keeping a close watch on the situation.
Source www.hungarymatters.hu - Visit Hungary Matters to sign-up for MTI’s twice-daily newsletter.
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