Real Estate Market News from Budapest, Hungary Browse dozens of articles on property prices, trends, facts and other useful information for investors and home buyers in Budapest.

Increasing Number of Foreign Property Buyers in Budapest April 2nd, 2020

3753 properties were sold to international buyers in 2019 which is 6% growth compared to the year before.   According to the recently published data on kormany.hu (official site of the Hungarian Government) the number of properties purchased by foreigners in Hungary has steadily increased. In 2017 the number was 3207, in 2018 the same number was 3529, last year it was 3753. In 2019 in 395 cases both the seller and the buyer were foreigners. The majority of the properties were sold in Budapest:…

How the Prices of Studio Apartments in Budapest are Developing? February 25th, 2020

The rise in house prices has forced many buyers to fall short of their expectations, especially when they are buying a new property with 27 percent VAT. Therefore, it is no coincidence that many people are interested in smaller flats, which is why we are going to show some information about the smallest apartments in Budapest. Most mini studio apartments are in District 3 and 8, while in the rest of Budapest there is no significant supply of apartments of less than 30 square meters. In District…

What Size Apartments are Being Built in Budapest? January 27th, 2020

The average size of apartments in Budapest is 64 square meters, but there are huge differences in price and size between the districts. Based on the Budapest Housing Market Report, Portfolio compiled a list of the largest and smallest properties in the capital. Homebuyers expectation has changed significantly over time. The most striking example is the location of the kitchen. While the kitchen used to be a separate room, it now typically combined with the living room. The main reason…

A Smart Pedestrian Crossing was Handed Over in Budapest December 12th, 2019

In front of the Hermann Otto Elementary School, at the intersection of Egressy Road and Kövér Lajos Street, a smart pedestrian crossing was handed over in Budapest. From now on, the pedestrian crossing is viewed from both sides by a camera and is equipped with a quick-motion detecting LED light. Close to one of Budapest's first smart pedestrian crossings, there are countless schools, sports facilities and day-care camps. Zuglói Közbiztonsági Nonprofit Kft. (Zugló…

3 Ways to Transform our Apartment Spectacularly November 14th, 2019

Many people have a problem with how to renew their rented apartment without damaging them. In this article, we have compiled the best methods. A new apartment can often feel emotionless and cold in the first few weeks after moving in, whether it's for college rentals or for our new, long-term home. Everyone wants live in a homelike property, but in many cases it depends on the landlord. Painting and repairs are allowed in some places, while in others the tenant sticks to much stricter rules.…

E-Land Registry – Hungary's Property Registration System will be Renewed October 15th, 2019

The operation of land registry systems will be completely changed by the introduction of the E-real estate registry in Hungary, said Bence Tuzson, State Secretary for Public Service in the Prime Minister's Office at the opening event of the E-real estate registry project in Budapest. In addition to being more secure and faster, the system also enables automated decision-making processes, which greatly contributes to the country's competitiveness. He emphasized that this is another step in the process…

Smart Parking System is Launched in Downtown Budapest September 24th, 2019

Smart parking has started in Budapest. In downtown, more specifically in the 5th district, there are 1,500 parking spaces available in the so-called Parker telephone application, primarily in the southern part of the district. A long-standing problem in downtown is parking, which the concept of the 5th district now seems to solve. District residents can park their vehicles partly in underground parking (with 300 owners already using this option) and partly use the new Parker app to simplify parking.…

THE ECONOMIST: Budapest is the Most Livable City in Eastern-Europe September 20th, 2019

Every year The Economist compiles a list of cities in the world. They rank cities in terms of livability and publish the first 100. Budapest has become the most livable city in the Eastern-European region. The list of the British weekly can give Hungarians a reason to celebrate, as the capital has the title of the most livable city in the Eastern-European region, and it has a significant advantage compared to other capitals in this area. Each year, the Intelligence Unit staff compiles a list based…

Budapest Attracts Foreign Tourists Worldwide September 16th, 2019

The revenues of the Hungarian hotels are also outperforming the results so far, although according to one of the latest statistics of the KSH (Hungarian Central Statistical Office) in the January-June period, there was no significant increase in the number of guests. According to the analysis of the Budapest Festival and Tourism Center, Asian guests spend more and more time in the Hungarian capital. The gross rental income of commercial accommodation establishments in Budapest exceeded 17.5 billion…

Development: Reconstructions Works in Budapest August 26th, 2019

Several important locations in Budapest will be renovated in the coming months, including transport hubs and monuments. Széna Square In a few days, the renovation of Széna Square in the 1st district will begin. As part of this, the parking lot will be eliminated and the buildings of the old bus station will be demolished, increasing the green space. After the renovation, where now there is only asphalt there will be plants and benches, the investment will cost 2.5 billion HUF. The…

12% of the Budapest Property Buyers were Foreigners in 2018 August 13th, 2019

A total of 7,300 sales transactions were recorded in Hungary where the buyer was a foreigner. Foreigners spend less on the Hungarian housing market as a whole, but they reach 12 percent in Budapest and 26 percent in the inner districts of Pest. This rate has contributed to large price differences between the city and the country. The latest KSH (Central Statistics Office) report revealed in 2018 what nationalities were the most active home buyers and what price categories were most sought after.…

Budapest Makes Improvements to Become One of Europe's Top 3 Sports Capitals June 18th, 2019

The development of Budapest is necessary because of its important role in the country, says Gábor Bagdy, Deputy Lord Mayor of Budapest, at the World Economy Real Estate Market 2019-2030 building strategy! conference. Without a successful capital, there is no successful country, says Gábor Bagdy, Deputy Lord Mayor, at World Economy’s Real Estate Market 2019-2030 building strategy! conference. He spoke about the construction of a city where it is good to live, and, in his view,…

Prepare for the multi-centered Budapest May 28th, 2019

There are many changes in Budapest due to architectural developments. There are prospects for more new city centers, but developers' aspirations for these areas can only come true if they are equipped with essential functions. This includes entertainment, recreation, sports and shopping, in other words, the people in these areas should have access to all necessities and recreational facilities. The inhabitants of Budapest know where to go, if they want cultural programs, want to shop, or they are…

Significant Developments in Budapest April 9th, 2019

With the development of the Stadionok metrostation's neighborhood, there is a potential opportunity for a new city center in the VIII., X. and XIV. districts. The value of developments in this area is close to 450 million EUR without the new stadium. A lot of attention is paid to serving the growing conference tourism. The Hungexpos area between Keleti Pályaudvar and Örs Vezér tere has always been important, but it has been neglected for far too long. That seems to change now…

Check Out How Many Foreigners are Buying Property in Budapest March 18th, 2019

A total of 3529 properties were purchased by non-EU citizens in 2018. The Chinese have bought 1610, Israeli citizens bought 331 properties in Hungary according to the 2018 data. Compared to last year, the number of Hungarian properties purchased by non-EU citizen shows a significant increase, which was 3206 in 2017 and 3529 in 2018. Of these, 377 were also purchased from foreign owners based on statistics uploaded to the government’s site. The most popular city is still Budapest, where…

Europe's Best Destination is Budapest February 25th, 2019

This year's European Best Destinations (EBD) vote took place from January 15, 2019 to February 5, with Budapest reaching 62,128 votes and winning. The Hungarian capital has become Europe's best destination, according to the final vote of the European Best Destinations competition. The announcement of the award shows that only 33 percent of the votes came from Hungary, the remaining 77 percent came from abroad. United Kingdom, USA, Germany, Austria, Italy and France all played a decisive role in…

Airbnb Budapest: The List of Disctrict Specific Taxes January 7th, 2019

Airbnb is heavily taxed in several districts in Budapest. Below is a list of these. It is clear from the report of józsefváros.hu that from the 1st of January the Airbnb accomodations in district VIII are being taxed. MEPs voted in favor of the submission of the district mayor, Sára Botond, at the panel meeting on 29 November. The result of the decree is that you have to pay a maximum of 1898 HUF per square meter of construction tax per year for an apartment in Airbnb. This…

News from Budapest Airbnb Market September 18th, 2018

Recently many articles reported about the regulations of short-term housing expenditures in Budapest's popular inner districts. Due to this, and the extreme price increase of rentals, Airbnb's role in the Hungarian capital changed somewhat. Let's see what changes took place lately. Despite the fact that the number of Airbnb apartments in Budapest has increased steadily in the last few years, there is no growth this year compared to last year. This stagnation is attributable to two things: 1. In…

Over 12,000 New Apartments will be Available in Budapest in 2019 September 13th, 2018

At least according to the developers' promise. Figures show that a total of 12,000 new apartments in Budapest are expected to be delivered. Though in many cases it is expected that the investment will be realized much later.  Of the currently running projects, thousands (4400) are going to be ready by the end of this year, while in many other cases the realistic date of finishing the apartments is 2019. In some other investments, although some delay can be expected, it is possible that…

UNStudio is the Winner to Build a New Bridge in Budapest, Hungary June 18th, 2018

The Dutch UNStudio has won the tender for the design of the new bridge in Budapest, Hungary. The winning team plans, among other things, to design a new road, tramline and pedestrian crossing the new bridge under the leadership of Ben van Berkel and Buro Happold engineers. Ben van Berkel is a Dutch architect; founder and principal architect of the architectural practice UNStudio. With his studio, he designed, among others, the Erasmus Bridge in Rotterdam, the Moebius House in the Netherlands, the…