Blog

The Ultimate Guide for Expats To Renting A Property in Budapest in 2022

If you are planning to move to Budapest and rent a property in the not too distant future, or perhaps you are already here in the city looking for an apartment rental, this article will offer some valuable insights.

Buying Property in Budapest in 2020? This is what you NEED to know

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.

The ultimate guide for foreign students looking for an apartment in Budapest

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. 

 

Recent price increase in the Budapest real estate market 

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. 

How to find the perfect apartment as a foreign student in Budapest

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.

Must see - Technicolor travel video of Budapest in 1938

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. 

 

Property of the month - May 2019

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.

Budapest became the fourth most Instagrammable place in Europe

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.

Budapest’s housing prices are the fastest growing, demand increases as well

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 voted as Europe's Best Destination 2019

Budapest, capital of Hungary has been just been named the the best Destination of Europe for 2019. 

Hidden treasures of Budapest - The Garden of Philosophers

The previously presented Károlyi Garden and ELTE Botanical Garden are located on the Pest side of the city, but Buda hides exciting sights as well. One of these is one of the locals' favorite viewpoint places that tourists usually don’t know at all.

Here’s what to expect in the Budapest housing market in 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.

Incredible price increase in the Hungarian housing market - 19% growth in 12 months

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.

Property of January 2019

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.

Discovering Budapest - The Belváros & Lipótváros

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. 

Demand for residential properties continues to grow in Budapest

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 property prices still low as compared to other CEE cities

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.

Property Of The Month - November

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.

Resale property prices in Budapest increased in 2018 Q1 and Q2

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.

Hidden treasures of Budapest - The ELTE Botanical Garden

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.

Property of the month - October

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.

The expansion of Airbnb continues to grow in Budapest

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.

The end of the 5% new residential property VAT – What to expect in the future

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 construction of the first smart shopping mall of Budapest has started

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.

Hidden treasures of Budapest - The Károlyi Garden

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.

The number of new apartments continues to rise in Budapest

In Budapest there are currently 20 000 apartments being built or planned to be built.

Budapest real estate prices have increased up to 80% in the past years

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.

Property of the month - September

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.

5 reasons why foreign students choose Budapest

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.

The iPhone of properties is already here

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.  

Excellent TED talk on architecture in our lives

"Architecture is not about math or zoning -- it's about visceral emotions," says Marc Kushner in this fascinating and inspiring Ted talk. 

Property of the month - August 2017

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.    

Apartment rentals are booming in Budapest

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.    

Possible tax lift on long term rental income

A new proposal for the year 2018 would lift the 14% tax on rental income. 

Capital gains in 2016 in the Hungarian Property Market

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.   

Property of the month May

This month, our staff picked this super cool, movie-themed apartment in Budapest's 7th District. Read more to find out its best features.

Thousands of new homes expected in 2017

2017 will be dominated by new home constructions, with an estimated total of 14,000-15,000 homes expected to be buitl this year. 

Property of the month - March

This month's feature is a wonderfully designed and furnished 1 bedroom apartment on the iconic Andrassy Avenue. 

Cool new loft apartments planned on Astoria's abandoned building

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. 

Hungarian Housing Prices Skyrocket

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.

Housing subsidiary - the Hungarian CSOK Program

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.

New wing of Central European University complete

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. 

Budapest: The Best Real Estate Market in Europe

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.

Budapest Real Estate Continues to Attract Investors

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.


 

Budapest is the new favorite for foreign property investors

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.


 

Norbert StahlNorbert Stahl
2016-08-08
Tags

As investors buy up Budapest apartments, prices continue to rise

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.”


 

Central Bank: Housing Price Growth “Not Excessive”

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. 

Number Of Home Construction Permits in Hungary Go Up

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. 

Real Estate Survey Index At Its Nine-Year Peak

According to a survey taken in January 2016 by GKI Economic Research Company, both Hungarian and Budapest real estate market indices were up by 3 points this quarter, representing a 35-quarter peak: 2007 was the last time the index was this high. 

Reconstruction of Nehru wharf

Construction works have been going for a while on a large area behind the so-called “Whale”, and the Central Market Hall in the 9th District.

The municipality of the district has recently released the architectural design plans regarding the area, which are to be done at the end of this summer. 

Property of the month - January

Our property of the month in January is a wonderful apartment overlooking the iconic and gorgeous St. Stephen's Basilica that is located right in the center of town, perfect for those wanting to be in the center of it all or within walking distance to main features that the city has to offer.

 

Budapest Named One Of The World's Most Creative Cities By UNESCO

It was announced on December 11th along with 46 other cities from 33 countries that Budapest has been crowned by the UNESCO Creativity City Network, as one of the world's most creative cities, under the category of Design.

New Homes Construction VAT drops to 5%

Most certainly the biggest news this week in real estate was Hungarian Parliament passing the bill to reduce the currently 27% VAT on construction on new residential properties to 5% from 1st January, 2016. 

Christmas Fairs in Budapest Open

If you are new in Budapest and this is your first Christmas, don't be dismayed, there are loads to do and if there is one place that does it well, it is Budapest. Though it might come as a surprise for many newcomers here who are used to Christmas Eve as the day when Santa Claus comes, here in Hungary, the Mikulas nap (Santa Claus Day) falls on the 6th of December, where children shine their boots and leave them out for Santa Claus to fill them with treats and leave presents. 

Further Growth In The Hungarian Residential Real Estate Market

 

A high 150 to 155 thousand residential property transactions are expected to happen this year alone within Hungary. This high number is almost parallel to the pre-crisis transaction stats of 2008. Most real estate experts concur that the trade will continue to grow within the coming years, and will most likely exceed the 170-180 thousand yearly transaction number, which was the case in the pre-crisis years. 

Property Of The Month - November

 

For this month, our feature property is a house, recently refurbished and wonderfully Bauhaus. While maining the essence, beauty and full character of true Bauhaus design, the renovation and up-lift of this gorgeous house, is fully equipped with modern amenities and features.

Property Investment Forum 2015

The 11th Portfolio Property Investment Forum is organized this year in the Hotel Intercontinental in downtown Budapest.
The all-day professional program is organized in association with RICS, and it offers 70 speakers, paralell thematic sections, and a standing reception in the evening. 

 

Property of the month - October

This month, we feature a small, but unique and modern 1 bedroom apartment located in a high-end, newly developed apartment complex in Budapest's 2nd District, in a beautiful area next to the iconic "Rose Hill".  

Property Market News October

When the Financial Times writes about a property market, that’s when you know things are really hot.  In the article published last week, the British leader of business news writes about the Budapest property market. 

Tourism boosts rent in Budapest rental market

As the number of tourists arriving in Hungary hits record highs and online rental websites become increasingly popular, a columnist calls for stricter tax inspection and better regulation of the privately rented appartments.

 

Property Of The Month - August

This month’s staff pick is a gorgeous and stylish 1 bedroom apartment offering breathtaking views of the iconic Parliament building from its balcony.


 

Real Estate sales in Hungary booms in July

July has been the strongest month of the year so far in Hungary’s real estate market, as residential property deals were over 12,000 transactions. 
 

Budapest Real Estate Market is on the move

Last month has been another great month in the Budapest residential real estate market, as the number of estimated transactions in the country was over 12,000 this June. 

Welcome to our new real estate website and blog

Welcome to the new Metropolitan Homes Budapest! Our website has gone through a major redesign recently, as we have decided to change both the looks and the functions of our real estate website. We did this all to give you a much better user experience while you're searching for the perfect property in Budapest, Hungary. 

About us

METROPOLITAN HOMES

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. 

TELEPHONE: +36 1483 15 47
EMAIL:  INFO@MHOMES.HU


HOW  TO  GET  THERE

Contact Us