If you’re thinking about buying property in Budapest as a foreigner, you’re among a growing number of people to do so! Consider these essentials before entering into Budapest’s real estate market.
This month’s staff pick is this gorgeous 1 bedroom apartment in Budapest that is offered for sale, and has been designed beatifully and honed to perfection to make an excellent property investment case.
In this extended blog post, we really tell you all that is needed to know about renting an apartment in Budapest. We will walk you through on what factors you need to take into considerations before you even start searching. Where to search and what questions to ask the owner about the property. What documents you need to rent an apartment and how to register your residency in Hungary.
According to the latest real estate market reports*, the price increase of pre-owned homes in brick buildings is above 10 percent in all districts of Budapest, compared to property sales prices in the first half of last year.
Budapest is a truly vibrant European city, famous for its excellent universities. In a previous post, you can read about why this city is so popular among foreign students. If you are going to continue your higher education in the Hungarian capital, finding the perfect accommodation for you will soon become urgent.
A magnificient video by Metro-Goldwyn-Mayer company shows how Budapest looked back in 1938, before all the destruction of WWII. What's more, the video was shot in Technicolor.
This month we would like to introduce a great rental opportunity - the Property of May is an ideal choice for those looking for a well-located, cozy home in the heart of Buda.
According to the Big 7 travel website, Budapest is the fourth most Instagrammable place in Europe this year. The city is ahead of many popular touristic destinations like London, Paris or Barcelona on the list.
The rise in the Hungarian capital’s housing prices has reached a record level: according to the Global Residential Cities Index from Knight Frank, Budapest property prices rose 23% in 2018.
Budapest, capital of Hungary has been just been named the the best Destination of Europe for 2019.
After five years of massive growth in the residential property market, it reaches a psychological limit of 1 million forints per square meter of more and more downtown apartments.
According to the "Global Residential Cities Index - Q3 2018." report by Knight Frank, Budapest shows the highest 12-month residential property price growth in Europe.
The property of January is an ideal choice for those looking for a quiet, comfortable home or an investment in the lively part of Budapest, close to the downtown.
Budapest is a truly European capital, which besides attracting tourists with countless attractions, provides a livable environment for the people living here in the heart of the city.
According to the report released by the Hungarian National Bank (MNB), the Hungarian housing market continued to intensify in the first half of 2018, which in addition to the dynamic rise in the apartment prices, was reflected in the increase in the sales volume.
Budapest is not only the favorite choice of tourists in the region but the Hungarian capital is also the top pick among real estate investors. According to the latest data, in the Central-European region, Budapest provides the best value for money if you are thinking about buying an apartment in the city center.
The property of November is an excellent choice with its uncommon layout for those looking for a unique home and the first-rate investment in one of Budapest's most beautiful neighborhoods.
According to the most recent data of Central Statistical Office (KSH), the pace of price increases of residential properties in Budapest, Hungary was exhilarated again in 2018. As reported by KSH, in the first half of the year, 59 000 homes were sold in the country, it means a 7% rise compared to last year.
Budapest welcomes the locals and the visitors with beautiful buildings and amazing sights, but sometimes, besides the great hustle and bustle, the proximity of nature is a welcomed gift.
The property of October offers a great opportunity for people who dream of their new home in a beautiful and unique environment or looking for an excellent investment.
In recent years, more and more investment properties popped in downtown Budapest to serve the needs of travelers who rather avoid hotels and opt for short term vacation rental apartments.
According to the summer announcement, the government does not intend to extend the validity period of the 5% VAT on new residential properties which is in effect until December 31, 2019.
The currently under construction Etele Mall (Etele Plaza) will be the third largest shopping and entertainment center in Hungary, located in Újbuda (Kelenföld) with its 55 000 m2, at the biggest intermodal transport node of Budapest.
Budapest is a true capital with many famous sights attracting tourists. At the same time, there are places that only locals really know, but are real treasures such is the Károlyi Garden (Károlyi-kert) in the iconic district V. Despite its busy surroundings, its small size and the tall buildings around the park make it easy to miss.
In Budapest there are currently 20 000 apartments being built or planned to be built.
Over the last 3-5 years, the Hungarian real estate market has gone through tremendous changes. In 2013, there was a slow downturn in the pre-owned home market, followed by an accelerating rise in prices. This rise was moderated in 2017, but the real estate prices are still increasing.
The property of September is unique in terms of location and neighborhood as well. The outstanding property offered for sale is located in Buda, in the popular district XI, also in one of the most frequented parts of the city, on St. Gellért Square.
Budapest has long been a popular city for university studies among foreign students. In addition to new adventures for a lifetime, Budapest has many other opportunities for them. We have summarized five reasons why this city is a popular destination for higher education studies in the region.
Modern mobile homes and container houses are getting more and more widespread. This video shows that they can also be no-compromise, high-end, smart homes.
"Architecture is not about math or zoning -- it's about visceral emotions," says Marc Kushner in this fascinating and inspiring Ted talk.
Panoramic views can always make a property extraordinary, but this little gem in downtown Budapest is a real rarity - the carefully designed and crafted interior perfectly matches the incredible views this apartment has.
With the new academic year starting in September, this month is certainly the season to see and expect the apartment rental market boom in Budapest.
A new proposal for the year 2018 would lift the 14% tax on rental income.
The national average in 2016 on the value increase of residential properties in Hungary was 15,4%, according to a report by the Hungarian National Bank.
This month, our staff picked this super cool, movie-themed apartment in Budapest's 7th District. Read more to find out its best features.
2017 will be dominated by new home constructions, with an estimated total of 14,000-15,000 homes expected to be buitl this year.
This month's feature is a wonderfully designed and furnished 1 bedroom apartment on the iconic Andrassy Avenue.
The once office building that stands next to Astoria Hotel in downtown Budapest has been empty and abandoned for decades now. There's a group of people that are interested in giving the real estate a new life.
Hungary’s real estate market is in an upward spiral after years of decline due to the real estate market crisis in 2008. The expected growth is five-to-ten percent in the following two years. Beginning in 2014, property prices began to grow by over ten percent. Hungary’s low interest rate, a record low at 1.5%, and a stabilized banking system lured buyers and investors alike. The trust factor has returned to the real estate market in Hungary.
At the end of 2015, the Hungarian government decided to allocate money towards a new subsidy purchase program for young families with children. The minister has set a budget of HUF 40 billion but has said that this could be increase if the demand is high enough. It is important to note that over 80% of the Hungarian population are in favor of this government action. The minister has said that the government is willing to help several hundred thousand families.
Budapest's renowned Central European University has finally completed a new wing - the first phase of an enourmous development for expanding in the next few years, the new building in Nador street is now buzzing with life.
While Budapest, the capital of Hungary, may not be the first city that tourists heading to Europe put on their itineraries, it's becoming a new magnet for global real estate investors. Budapest is not as saturated with buyers and sellers as cities that are more on the beaten track. That's only part of its appeal, however. The "Pearl of the Danube" is a world class location with assets that outshine more high profile markets. The advantages to buying property there may never be as ideal.
Hungary’s capital city of Budapest continues to attract foreign investors seeking high-end apartments. Professional real estate investors see the boom in tourism and now seek to rent the properties they purchase. This boom has led to a rise in real estate purchase transactions and helped stabilize the housing market in Budapest. Many risk-averse foreign investors now consider Budapest as their preferred investment destination.
A new wave of foreign property investors has descended on Budapest, the capital city of Hungary. According to a study recently released by estate agency Otthon Centrum, the first half of 2015 saw an astonishing increase of property transactions in the city. In fact, the total figure was ultimately revealed to be 40 percent higher than the final figure that was reported for the previous year. In a word, the property market for foreign investors in Budapest is booming at a rate that was frankly inconceivable even a few short years ago.
When Viktor Balint and Lazslo Katona bought their first apartment in Budapest as an investment, they knew they were onto something big.
“Tourists from western Europe come here and they have a laughing fit because they can rent an apartment for so little,” Katona told Bloomberg.com. “We’re also smiling, looking at the profit.”
Housing prices in Hungary have rose by a stunning 21% in 2014 and 2015, much faster than the neighborhing countries, but according a report published by the Hungarian National Bank, this is not excessive growth.
According to the Hungarian Central Stastical Office, the number of construction permits and simple declaration of new residential buildings have doubled in the first quarter of year compared to the same period in 2015. This further proves the outstanding optimism Hungarians have about the property market.
Our boutique real estate agency offers you a wide selection of exclusive properties in Budapest, ranging from luxury apartments and luxury penthouses to family homes and estates. We have preselected these Budapest properties so you can conveniently search for the best luxury real estate Budapest has to offer. Whether you are looking to rent a high-end apartment in Budapest or searching for property investment, we can help you find your ideal apartment or house in the best areas of Budapest.
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