Category:
property market

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.

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.

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. 

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 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.

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.   


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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