Category:
Hungary

How To Buy Property In Budapest in 2024

If you've been on the lookout for a fresh and exciting spot to invest your time, energy, and maybe a bit of cash, you have come to the right place.  In this article we will tell you the most important factors to look out for before buying real estate in Budapest, and how our team at Metropolitan Homes Budapest can help to make wise choices when buying and renovating a property in our beautiful city.

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.

 

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.

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.

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 number of new apartments continues to rise in Budapest

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

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.   

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.


Contact

 

METROPOLITAN HOMES BUDAPEST 

REAL ESTATE AGENCY 

OFFICE ADDRESS: ZOLTÁN U. 13, DISTRICT V, BUDAPEST H-1054

OPENING HOURS: MONDAY-FRIDAY 9:00AM - 5:00PM, OR BY APPOINTMENT

OFFICE PHONE: +36 1483 15 47

MOBILE PHONE: +36 30 242 67 26

EMAIL:  INFO@MHOMES.HU

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