Apartments and flats for sale in Hungary

Apartments for sale in Hungary

The market for flats for sale in Hungary attracts both locals and foreigners, offering a wide range of options, from modern apartments in new developments to homes in historical buildings. In Budapest, you can find properties in structures dating back to the Austro-Hungarian Empire era, with elegant facades, high ceilings and decorative details. These properties often appeal to buyers who appreciate tradition and style.

Modern complexes with well-developed infrastructure are being actively constructed in major cities, offering amenities such as underground parking, fitness centres, playgrounds and 24/7 security. These developments are particularly attractive to families and young professionals who prioritise comfort.

Compared to many other European countries, prices of flats in Hungary are more attractive. Even in the capital, housing costs remain lower than in other major European cities such as Berlin, Vienna or Paris. This affordability makes it accessible to a wide range of people, including young families, students and retirees.

Housing costs vary depending on location. Properties in the city centre tend to be more expensive, while more affordable options can be found in suburban areas or smaller towns. Apartments offering the best price-to-quality ratio are found in cities like Debrecen, Szeged and Pécs.

Why the market of property in Hungary attracts buyers:

• Infrastructure:  The country boats well-developed infrastructure, making apartment living highly comfortable. Most residential neighbourhoods are situated near schools, kindergartens, medical facilities and supermarkets. Many cities have extensive public transportation networks, including metro, buses and trams, ensuring easy travel across the country. Additionally, apartment complexes are often located near green areas and parks.
• Culture and quality of life: Major cities and tourist hubs offer a wealth of cultural experiences, such as theatres, museums, music festivals and restaurants serving traditional cuisine. The country is also renowned for its thermal springs and properties near resorts like Hévíz or Széchenyi allow residents to combine daily life with access to wellness treatments.
• Social environment: The area is known for its friendly population and high levels of safety, creating comfortable living conditions, particularly for families with children. A quality education system and accessible healthcare are also key factors when choosing housing.

Reasons for investing in an apartment in Hungary

In 2024, the price of an average apartment for sale in Hungary increased by 13% year-on-year. The average price of apartments sold during this period was USD 2,013 per square metre and it continues to grow steadily, attracting investors seeking capital growth.

Investors can purchase move-in-ready properties for long-term resale profits or enter into contracts at the early construction stages of residential complexes. The latter option offers benefits such as lower costs (10–30% on average), flexible payment plans and the ability to adjust interior designs or choose window orientations.

Property owners can also expect stable rental income due to the thriving tourism industry. In 2024, the average rental yield for local properties reached 5.75% annually. In Budapest, this figure was 5.39%, in Debrecen  6.41%, in Pécs 5.8%, in Nyíregyháza  5.51% and in Kecskemét 5.65%.

Buying an apartment in Hungary

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