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.

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.

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.

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.

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. 

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

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.