Citizens of Arab countries buying up property in Hungary

Budapest, December 9 (MTI) – Altogether 16 citizens of Arab counties have bought up property in the small town of Komlo, in southern Hungary, the daily Nepszabadsag said on Wednesday, 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 Kuwait 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 Pecs, 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.

Nepszabadsag added that Hungary’s national security services are keeping a close watch on the situation.

Source: http://mtva.hu/hu/hungary-matters