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.

Most who sell their estates do because they want larger ones August 31st, 2015

One third of buyers bought estates for investment purposes on the Hungarian market in July according to the newest statistics by the Duna House network. Invertors spent an average 19.5 million Forints on apartments 70 square meters large. One fourth of buyers however were buying their first own flat: they were mostly buying 60 m2 estates for an average of 18.3 million Forints. On the countryside a quarter of buyers acquired larger apartments for an average price of 16.5 million – they were…

Budapest is still outperforming the country August 12th, 2015

Real estate market prices are still on the rise according to the Hungarian Central Statistical Office. Also they are rising more rapidly – the price of used flats increased by 4.4% in the first quarter of 2015. Prices however are not increasing evenly across the country. The record is held by Western Hungary where used flats in small villages became 10% more expensive than in the quarter before. Meanwhile cities and villages of the Southern Great Plain provide a contrast: used flats in this…

How big is the average Hungarian home? June 17th, 2015

The 2011 census in Hungary provided some interesting data for the real estate market, including statistics about the average size of Hungarian apartments. As a rule of thumb, the size of the average apartment depends on where one lives. According to the census, the average sized apartment is 77 m2. In bigger cities however size decreases - mainly due to the fact that in these areas townhouses are more common. Differences can be clearly seen when we divide the capital into three areas. In inner districts…

Things You Have to Know If You're About to Buy an Apartment May 8th, 2015

Before buying an apartment we have to make sure we have all information we need regarding e. g. the condition of the apartment and the house and the prospective costs. Condition of the Building The condition of the building tells a lot about its tenants. We can get informed about the property’s financial condition and the reconstruction plans from the joint representative. It is also recommended to ask for the energy certificate of the building. Contract When buying an apartment, one of the most…

Check If Your Apartment's Price Went Up May 8th, 2015

In 2014 apartment prices finally started to go up, but beside Budapest this trend has only appeared in a few counties. Reviewing the data of property website, Otthontérkép, you can check if your apartment is also worth more, than a few years ago. The data reveals how property prices per square meter changed between 2013 and 2014 in the districts of Budapest and in the country. Apartments in Budapest Cost 1 Percent More In 2014 in Budapest apartments cost HUF 230 thousand per square…

Small Apartments Are Very Much in Demand April 27th, 2015

According to the data of OTP Ingatlanpont apartments are 24 percent more in demand, and the number of transactions increased by 30 percent compared to last year’s same period. In Budapest Small Apartments Are Popular In Budapest the smaller, 35-41-square-meter apartments are the most popular: they get sold for HUF 150-240 thousand per square meter on average. The smaller – less-than-100-square-meter – family houses are also in demand: they are bought for HUF 250-370 thousand per square meter. In…

25 Percent More Apartments Are Expected to Be Built in 2015 March 19th, 2015

According to the latest analysis of OTP Mortgage Bank more apartments were sold in 2014 than in the previous years. The 11th district was the most popular – which is partly thanks to the new Subway Line 4 –, but apartments in the 9th, the 8th and the 13th district were also in demand. One-third of the apartments were sold in the latter 3 districts. The 3rd, the 7th and the 14th district were also popular.   The Number of Available New Apartments Decreased to 1100 in Budapest 50 percent more…

Budapest Overtook Vienna, Rome and Paris March 4th, 2015

​Budapest overtook the Austrian, the Italian and the French capital on CNN’s list of the most popular cities for foreign tourists, since last year more foreign guests visited Budapest than Vienna, Rome or Paris. According to the data of the Hungarian Central Statistical Office (KSH) Hungarian tourism reached record-breaking results in 2014. The number of domestic guests increased by 10 percent, and that of foreign guests increased by 8 percent; thus Budapest became the 27th most popular…

Record-Breaking Numbers on the Real Estate Market Again February 24th, 2015

​After last year’s results records were broken again in January. Although the first months of a year are usually weak, in January 2015 more apartments were sold than ever since the beginning of the crisis. According to the data of real estate agency Duna House 9 thousand apartments were sold in January: 1.5 times more than in last year’s same period. This has been the best result on the real estate market since the end of the crisis. According to the estimations 140 thousand apartments…

2000 Apartments Are Sold for Foreigners a Year January 29th, 2015

More and more apartments are bought by foreigners in Hungary year by year; currently around 2000 apartments are sold to them each year. According to the data of real estate agency network Duna House an increasing trend was shown in the market in the past 2-3 years: in 2012 420 and in 2014 525 apartments were sold to foreign buyers.Far Easterners Spend HUF 26.7 Million on an Apartment Most foreign buyers (45 percent of all the buyers) comes from the EU, they are followed by Ukrainians and Russians…

More Apartment Buyers Applied for a Loan in 2014 January 19th, 2015

More apartment buyers applied for a loan in 2014 than in the previous years, and the trend is expected to increase further in 2015.Buyers trust more in loans, their cost decreased, and the banks are also more active. The rate of apartments bought using a loan was the highest last year: 20 percent in the first half of 2014, and 25 percent in the second half.   A HUF 7.5 Million Loan Was Applied for on Average According to the data of Otthon Centrum Mortgage Center the mortgage broker service…

HUF 20-Million Apartments Are Most in Demand January 19th, 2015

Smaller, 40-70 square-meter, one or one-and-a-half-room apartments for HUF 20 million or less are most in demand in Budapest, but larger and more expensive ones are getting more and more popular, too. More apartments were sold in 2014 than in the previous years, and the average prices and the rate of investors also increased.   Most Popular Apartments in Pest and Buda According to the data of the Budapest offices of real estate agency OTP Ingatlanpont apartments in the city center continued…

Budapest, the City of Records December 31st, 2014

Budapest gets on more and more international lists of the best cities, and thanks to the continuous developments locals also enjoy living here.  But there still are several facts we don’t know about that make the Hungarian capital the city of records. Thermal Baths Budapest is a city of baths: the Hungarian capital has more thermal baths and spas than any other capital cities, and a daily 70 million liters of thermal water rises to the surface. The local bathing culture dates back to the Roman…

Winning Tenders for Budapest Museum Quarter Were Revealed December 31st, 2014

The construction bidding for the future Budapest Museum Quarter in City Park (Városliget) has finished: half a thousand tenders were received, from which the best 17 got into the second round. The jury featuring 11 experts from Hungary and all over the world decided according to whose plans 4 of the 5 museums will be built. The House of Hungarian Music will be built using the plans made by the Japanese Sou Fujimoto Architects, the Hungarian Museum of Architecture and the Photo Museum…

Budapest–Belgrade Super Express Railway Is Coming December 22nd, 2014

As one of the most important steps of the cooperation between the European Union and China Hungary signed the contract about establishing the Budapest–Belgrade super express railway line. Beside China, Serbia and Hungary among others the representatives of Slovenia, the Czech Republic, Slovakia, Bulgaria, Romania and Poland also took part on the meeting in Belgrade.   We Can Profit More from the Favorable Location of the Country Thanks to the establishment of the railway line Hungary can profit…

​How to avoid bad tenants? - 5 + 1 steps which can help December 17th, 2014

Every owner’s nightmare is a non-paying or problematic tenant moving into their apartment. Unfortunately, there is no 100% guarantee to filter out bad tenants, but there are some steps to help you screen the candidates. 1. Aim at a little higher price range The first step is to determine and target the correct market. It is not worth saving the money on not providing a fully furnished, equipped apartment to a future tenant, when by this we may reach a more reliable long-term client.2. Ask for…

3 Popular Misconceptions in relation to the January Lettings December 17th, 2014

In general, mostly the summer is the period for rent searches; however the beginning of the year can be at least as strong as the best summer months.Despite this, the beginning of the year season has some misconceptions, which we recommend for re-thinking. "In January, only students look for an apartment" It is true that the second semester starting in February, displays many students to appear on the market, however at least as much - if not more - multi-companies look for an apartment for their…

Number of Foreign Tourists Increased December 13th, 2014

The Hungarian accommodation market showed an increase in October regarding the number of domestic and foreign guests. After an average September, 2.7 percent more foreign guests came to Hungary in October than in last year’s same period. According to the data of Hungarian Central Statistical Office (KSH) the income of the hotels increased by 15 percent. 24 Percent More Tourists Came from the UK Foreign guest spent a total of 1.01 million guest nights in Hungary, which is a 1.7-percent increase.…

Budapest as the Host City for the Olympic Games: Maybe Not Just a Dream Anymore December 13th, 2014

The Agenda2020 conception accepted by the International Olympic Committee provides an opportunity for smaller capital cities to be able to organize the Olympic Games. Implementing the conception capital cities with a population of 2-4 million could organize one of the most important sports events of the world cost-efficiently.Cost-Efficient Solutions Instead of Big ParadesThanks to this conception Budapest also gets a chance to be able to get the right to organize the Olympic Games in 2024 or later.…

The 10 Best Things in Budapest December 5th, 2014

Visitors of the largest travel site TripAdvisor rank the places they’ve visited from 1 to 5: based on the points they’ve given to Budapest sites, the current list of the top 10 includes the Invisible Exhibition and the Operetta Theatre. Caving under BudapestVisiting the longest cave system is an extraordinary experience – not just for experts. TripAdvisor’s visitors gave it maximum points. Invisible ExhibitionVisiting the unique exhibition the tourists can walk in a blind man’s shoes for a while,…