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.

Budapest Housing Market is Still Growing May 18th, 2018

Among other big cities of the world, there is a significant increase in Budapest rental prices: the volume of increase in Budapest ranks fifth place in the list observing cities of the world. According to The Guardian's analysis, only in Berlin, Izmir, Reykjavik, and Vancouver are the rise in house prices higher. Analyzing data from 2017, it can be seen that the largest increase was 20 percent in the German capital, Berlin. Compared to this, housing prices rose by 16 percent in Budapest. Interestingly,…

25,000 New Apartments Can be Built in Budapest in 2018 February 14th, 2018

Construction significantly grew in last November, while production increased by 30.7% compared to the data analyzed in 2016. This result was further expanded by 29.1 % in building construction, which could grow further in 2018. According to experts, up to 25,000 new homes can be displayed on the Budapest market. The significant growth compared to the previous year can be attributed to two reasons in the construction industry. According to László Balogh, the leading economic expert…

2017's Most Expensive and Cheapest Properties January 30th, 2018

How does a castle sound on Andrássy Avenue? Or rather a castle away from the noise of the city? You have no big demands, just a little loneliness? No problem! In case we can afford it ... But you do not have to spend billions for a good investment, you just have to see the opportunity. Ingatlan.com has collected 2017's most expensive and cheapest properties. We are selecting from these now. The aforementioned castle on Andrássy Avenue is a property of over 18,000 square meters, with…

New or Used Flat? - Which One to Choose if We are Looking for a New Home? December 13th, 2017

Not only the price, but also the location, the state of the apartment, and the maintenance costs will tinge the image when someone is thinking of buying a home. It is quite commonly thought that the formula is simple: the home used is always cheaper. However, many things have to be counted, multiplied, before signing a contract. It may even be more worthwhile to buy used and renewed homes than to decide on a new home. Whether it is an investment or a home purchase for your own, it is always important…

Flourishing Property Market in the Middle of Budapest October 16th, 2017

Over the past few years, the districts of Budapest have been redefined for popularity, depending on where investors are ready to buy or rent, mostly apartments or shops. In the previous decades Buda districts were considered the most prominent neighborhoods, so there was a Pest-Buda fragmentation. Nowadays, the center has moved to Pest, mainly to the 5th district, and from here through concentric circles the square meter prices of apartments and shops are decreasing. Let's see in 5 points what could…

Suburban Center of Budapest is Being Renewed October 9th, 2017

At least this is the plan for the transformation of the station of the Örs vezér square metro and suburban railway stations that has become obsolete today. Moreover, it is more than that: not only the current two stations, but also the entire length of the suburban lines that reach the square will be renewed, and more parking places will be developed for the drivers. The change was largely served by the time, as today many more people use these lines than they have planned for, far more…

The District That Could Become Paradise For Families July 11th, 2017

Those who wish to live in Buda, have to seriously think through which district they want to buy an apartment in. Due to the density of the buildings, the area lacks the green spaces and the number of new apartments on offer is also low. There are certain areas, however where those families who are looking for a new apartment can find their match. The largest selection of quiet apartments surrounded with parks can be found in district XI., because the district stands at second in the number of newly-built…

Planning on Buying An Apartment? – Here are the figures that you need to see! June 29th, 2017

The average selling price of residential properties have grown by 14.1 percent nationwide, the nominal price level has surpassed the former high of 2008, and the real price could reach the level before the financial crisis this year. However, according to the analysis in the OTP Residential Property Value Map, this process had already happened in Budapest last year, meaning, that apartment prices in the capital are at an all time high.   The real estate boom was over in 2016, but the prices…

Garden or Balcony Homes Can Cost Millions More March 23rd, 2017

In bigger Hungarian towns like Budapest homes with a balcony or garden connection can cost six percent more than properties without it, reported the recent survey of Gardenexpo.Hungarian property market keeps on booming in 2017, house prices are still high, however, it is not as easy to sell them quickly as it used to be, writes Hungarian online news portal Origo. A property is usually sold within 3-6 months depending on the type and condition and there have been more and more buyers interested…

2017: 14,000 – 16,000 New Homes Foreseen in the Hungarian Property Market February 3rd, 2017

This year is predicted to be dominated by home buildings, with a total of 14,000-16,000 homes expected to be constructed in 2017, according to a property analysis sent to the Budapest Business Journal.According to the analysis this year is expected to be the epicenter of new home buildings in the Budapest and its agglomeration, while regional centers and towns with county rights such as Debrecen and Győr might also experience some boost.By the end of the year, experts expect the number of new…

Larger Homes are needed – shows the Hungarian House Market Survey January 27th, 2017

Hungarians would like to live in 100 sqm homes and the most favoured types are the detached family houses with 3 bedrooms. In reality the average Hungarian homes are 15 sqm smaller than the desired size – showed the representative house market survey of CIB Bank.Almost everyone longs for a pleasant homeNine out of ten Hungarians consider it important to feel at home in the house they live in. This compares to a rather small group that is satisfied with the current housing conditions. Only…

New Build Housing Boom to roll on in 2017, end in 2018 January 10th, 2017

The housing market – both the market of the new built and the owner occupied homes - in Hungary is well on the way to recovery from the recession. The new governmental allowance program – CSOK –, has also contributed to the growth. By the end of 2018 at least 15-20,000 new homes are foreseen to enter the Hungarian property market.The new build market was more moderate than the owner-occupied market in 2016. ”There is a demand for new build properties as during the…

Tenants Seeking Rentals: The Realities of Flat-hunting in Budapest November 15th, 2016

The rental market faces an extremely busy period in Budapest. Apartment hunting has never been an easy process, but it looks like it'll be harder than ever in these coming months. Estate agencies can speed up the process. According to The Budapest Times article entitled Looking for a city centre apartment  there is hardly any other European metropolis like the Hungarian capital offering such quality living and cultural diversity along with recreational opportunities, and all set against…

Why Apartments Are Popular in District 13, Budapest? September 30th, 2016

Although prices have grown higher which can be highly yield sensitive, however, investing into residential properties is still an attractive alternative for investors. Districts 13 is especially preferred by many of them.Home rentals at 5.2 % yieldAccording to the calculation of Portfolio district 13 is a very popular district in Budapest that is often chosen by tenants.  With long-term home rentals one can make a 5.2 % yield. Properties in the district can be rented out very well in the future…

Hungary’s Property Market Boom Likely to Continue September 2nd, 2016

When other forms of investment barely pay, Hungarian property market especially in Budapest is extremely successful. It is even more attractive that one can get a home loan on better conditions than in times of Swiss Franc and the apartment can pays itself in the light of the current interest and market rates.           At the first sight there has never been a better investment to buy a property than now:   ·         apartment…

Want To Be a Landlord? HGTV 'Income Property' Star Has Advice - Part Two August 16th, 2016

In our first post we have introduced Scott McGillivray property market expert, who helps with his long-running show Income Property homeowners plan and execute renovations to add income suites to offset mortgage payments. His program has introduced many to the concept of income property, but Scott isn’t just a television host — in fact, his real estate journey began back in college, when he began scooping up college housing for rental purposes. In the first part we looked…

Want To Be a Landlord? HGTV 'Income Property' Star Has Advice - Part One August 15th, 2016

According to a recent National Association of Realtors report, for the first time in five years, more people are putting their real estate dollars into investment properties rather than purchasing vacation homes. Here is what Scott McGillivray property market expert advises.              A REAL estate success story In college, Scott stumbled upon a nice money-making idea: He decided to buy a house and rent it out to his friends. When that worked well, he bought…

A hard time awaits those who aim to move homes in Budapest July 26th, 2016

The amount of unused properties for sale has increased to more than twice between February and May 2016 – however, only a select few can move into their new homes, as the number of flats that are able to acquire an occupancy permit in 2016 is limited. The first bigger wave of moves on the market will happen in the second half of 2017. The still scarce amount of supply and the much greater demands amped the prices even higher and further, while in increase of unit prices surpassed 5% - as included…

How much does it cost to purchase a home 10-15 m2 bigger than our current one? June 8th, 2016

Those who move into a home with a larger total area than their previous one are accounted for a segment of the pre-owned real estate market. In Budapest, the average price per m2 in case of flats between the sizes of 30-49 m2 was 432 000 HUF at the end of May, whilst in case of 60-79 m2, it went up to 408 000 HUF. The average prices per m2 are considerably lower in larger towns in the countryside, by 50%. Based on these figures, it costs approximately an additional 4-6 million HUF in the…

A new era on the housing market: will there be a boom? May 30th, 2016

A new chapter is set to begin both in the field of housing loans and on the housing market, according to ingatlan.com’s experts. The increased interests are a given: on one hand, the interest in housing loans has increased by 43% on a yearly basis – on the other hand, the demand in the capital quickly absorbs new flats. Banks are expected to receive a key role in the future, mostly because they will realise the liquidation of the state housing benefits. The state housing program, the…