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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.


10 percent more apartments were sold in the 1st half of 2014 than in last year’s same period. More and more properties are bought as an investment, too: the new owners like to sublet the apartment, or sell it later at a higher price.Property market got busier and the number of those who bought an apartment as an investment also increased in the 1st half of 2014: 10 percent more properties were sold than in last year’s same period. Some investors would like to sell the apartment at a higher price…

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CNN says Hungary is worth to be considered as a possible travel destination. The news portal mentioned several interesting, funny or surprising facts in an article earlier that need to be known about Hungary, from the Nobel Prize winners to the monuments to visit.1. The rate of Nobel Prize winners is very high in Hungary: between 1905 and 2004 13 Hungarians got the reward2. Gulyás (goulash) is not a ragout or a stew-like dish but a soup; and almost every food contains paprika including granny’s…

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After the students got to know how many points they needed to get in the chosen college or university, those who managed to get in start looking for an apartment to rent, so there won’t be almost any apartments without a tenant soon.The future college and university students got to know about how many points they needed to get in to the chosen school on the 24th June. Those who managed to get in, and their school is located far from their home, will start looking for an apartment soon. According…

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Hungary is a good choice for those companies who want to move their offices abroad. The Budapest office market has a lot of advantages: there are a lot of modern offices, and the work force is cheap and qualified.Do you want to know what the 6 reasons are why it’s worth for foreign companies to move their offices to Hungary? Below you can get to know why Budapest is better than Bratislava or Prague.1. Modern OfficesBudapest has the 2nd place on the list (behind Warsaw) of the cities having the most…

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Budapest Bike Sharing System MOL BuBi is to be launched soon. BKK Centre for Budapest Transport organized a test period, during which a thousand future users are going to test the new system. The test period started on the 17th July is expected to be finished in 2 weeks.The software development and the inside testing of Budapest bike sharing system MOL BuBi lasted longer it was expected, but it’s finally over, thus the process can be continued with a new phase: the public testing. BKK Centre for…

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A lot of Hungarian office spaces were rented in the 2nd quarter of 2014, and several current tenants renewed their contracts. The rate of the office spaces not yet rented decreased by 2.3 percent.According to experts we need some more successful quarters like the second one of 2014 was to say the crisis have finally ended on the office market. In the 2nd quarter of 2014 several new and current contracts were made and renewed. Although the success is yet temporary, the experts are optimistic about…

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The number of domestic guest nights increased by 14 percent, and that of international guest nights decreased by 4.1 percent in Hungarian hotels this May comparing to last year’s same period. More and more Hungarians spend summer vacations in the country: the income of the hotels increased by 8 percent and their turnover by 2.9 percent.Hungarians are more likely to spend vacations in the country: according to the latest statistics 922 thousand domestic guest nights were spent in Hungarian hotels…

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June was another record-breaking month for the property market, so this is maybe the last time when it’s worth to buy an apartment. According to the data of real estate agency Duna House June was another record-breaking month for the real estate industry: more apartments were sold than last month. Apartments in brick houses were the most popular. Investors also were more active: one-third of the apartments were bought as an investment. According to the data of the first half-year of 2014 we can…

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The construction regulation of the reconstruction of City Park was approved. Within the confines of the Liget Budapest Project several museums are to be moved here, and the park will be rehabilitated. The Liget Budapest Project is currently the biggest museum development investment in Europe.The construction regulation of the reconstruction of Városliget (City Park) was approved by the Metropolitan Assembly of the 30th June. Besides the rehabilitation of the park within the confines of the Liget…

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The agreement of the preparation or the reconstruction of the Metro Line no. 3 was approved. The reconstruction includes the renewal and the lengthening of the line towards the north. The work requires a HUF-1.2 billion self-government source.The development agreement of the preparation or the reconstruction of the Metro Line no. 3 was approved by the Metropolitan Assembly on the 30th June with 29 affirmative votes. The reconstruction may require a HUF-1.2 billion self-government source, and the…

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One-fifth of the Hungarians would like to do smaller renovations in a year, and their long-term plans include the renewal of the insulation, the roof and the ducting. They are willing to pay up to HUF 1 million on the works.According to the results of the study made by roofing components manufacturer Lindab 20 percent of the Hungarians are planning to do minor reconstructions in the next one-year period. Last year 29 percent of the respondents said they would redo their homes, but 68 percent of…

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FHB Bank made an analysis to determine where investors should buy a holiday house: near Lake Balaton or in popular foreign vacation destinations.  According to the results properties on the Montenegrin, the Bulgarian and the Egyptian seacoast cost the most compared to those in the inner county.FHB Bank made an analysis to determine in which popular vacation destinations – at Lake Balaton, the Croatian, the Bulgarian, the Romanian, the Montenegrin, the Egyptian, the Spanish seacoast, at Lake…

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There’s a big difference in property prices of the cities in Budapest metropolitan area, thus those who are looking for a new home outside of the capital might face unpleasant surprises. An apartment can cost HUF 100-200 thousand more per square meter than one in another city.Those who would like to live in a green environment, tend to choose to leave Budapest and move to the metropolitan area. But those who are looking for a new home in the agglomeration might face unpleasant surprises, since there’s…

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The summer months and September are the busiest season on the rentals market.This is the very time to find a good tenant. You have to make sure your product is attractive enough on the market.We collected 3 points which can help you to get your apartment prepared.1. Attractive furnitureYou might bought the property with used furniture and you think the condition is acceptable.However, if your potential tenants  find another similar type of apartment with nicer furniture they will go for that.It…

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​Many think buying a property in Budapest and start a holiday let business works in any case.We collected some of the popular misbeliefs we frequently hear.1. “I can reach better yield with short term rentals”If you decide to go with short term rentals you have to count with seasonality. There are some dead periods during the year so your income might be periodical. When the property is empty you still have to pay the common cost and the utility basic charges without income. In contrast to the long…

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Besides having an own apartment having a summer house at Lake Balaton is the thing most Hungarians dream about. As summer gets closer, summer houses become higher in demand. We can find the most expensive ones at Siófok, Fonyód and Balatonfüred, and the least expensive ones in Marcali and Tapolca.Most of those who would like to buy a summer house at Lake Balaton are looking for a newly-built apartment. Though since the beginning of the economic crisis less and less apartments have been built, construction…

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Budapest got an honorable place on a tourism related list again. This time American travel site TripAdvisor searched for cities where it’s the most worth to spend a night. Amongst the 48 listed countries Hungary got the 10th place.American travel site TripAdvisor examined the 48 most popular travel destinations to determine where it is the cheapest to spend a night. They used a cost comparing analysis called TripIndex Cities to know how much the services needed for a great night-out cost, such as…

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Though a lot of Hungarians move abroad to try their luck, others find Hungary one of the most livable countries, and have many reasons to stay. They like the pleasant climate, the education opportunities and Lake Balaton.Economic news site Portfolio.hu made a poll about the reasons why Hungarians like to live in their country. The recent results show only 9 percent answered they don’t. The rest of them mentioned the pleasurable climate or the abundance of historical monuments as reasons to stay.…

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Its owner decided to sell the former holiday resort of the former National Council of Trade Unions on Rózsadomb. The property, which is located on one of the most exclusive sites of Hungary, is for sale for HUF 5 billion. The building, which has been standing deserted for years, has a beautiful view to the city.It was revealed in June that CIB Group is looking for an investor to buy its property located on Rózsadomb. Cushman & Wakefield is in charge of the sale of the former holiday resort of…

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More than 4 thousand new jobs will be created and HUF 320 billion spent by those 15 automotive companies that will be responsible for this year’s biggest investments. The biggest one is that of Hankook Tire: the new factory that is to be built in Rácalmás will provide 950 new workplaces.Hungary is getting more and more popular among the foreign investors: almost 4100 new workplaces are going to be created by those 15 automotive companies that will be responsible for this year’s biggest investments:…

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