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At HomeIndividuals using the Global Properties platform to buy a flat in Budapest can browse over 32 listings from trusted developers and agencies. To streamline your search, use the "Advanced Search" feature at the top of the page to refine your preferences such as the number of rooms, size and desired location. Once you find a property that suits your needs, simply provide your phone number to contact the seller directly.
- Minimum apartment prices in Budapest: USD 153000
- Maximum price: USD 980,000
- Minimum size: 38 m²
- Maximum size: 1,600 m²
Up until December 22, 2023, purchasing property in Hungary, such as apartments or houses, served as a basis for obtaining a residence permit. However, a new programme introduced in 2024 offers alternative paths to legalisation through investment:
- Shares in investment funds approved by the State Security Office, requiring a minimum contribution of EUR 250,000. At least 40% of the fund’s total assets must consist of residential real estate.
- Public fund donations starting at EUR 1 million. The donation must support scientific or artistic initiatives within the country and the recipient organisation is required to collaborate with local universities.
Authorities also considered granting residence permits for the purchase of residential apartments and houses in Hungary valued at EUR 500,000, but this option was ultimately rejected.
Apartments for sale in Budapest
Budapest, Hungary’s vibrant capital, is a city rich in history and modern infrastructure, making it an attractive destination for property buyers. The city is divided by the Danube River into two main areas: Buda, known for its hilly landscapes and historic charm and Pest, the bustling centre of business and culture. With a well-developed transportation network, including metro lines, trams and buses, getting around is efficient and convenient. Key districts such as District V (Inner City) and District VII (Erzsébetváros) are particularly sought after due to their proximity to landmarks like the Parliament Building and St. Stephen’s Basilica, as well as an abundance of restaurants, cafês and cultural venues.
When purchasing an apartment in Budapest, Hungary, prospective buyers should familiarise themselves with the country’s property acquisition process. Non-EU citizens typically require a permit from local authorities, which is generally straightforward to obtain. Apartments are available in various forms, including newly built properties, renovated units in historic buildings and modern flats within residential complexes. Many apartments offer features such as spacious layouts, secure parking and access to amenities like gyms or rooftop terraces. Additionally, the city’s real estate market benefits from a legal system that ensures transparency and security for buyers, with most transactions completed through notaries.
The investment appeal of an apartment for sale in Budapest is significant. As one of Central Europe’s most visited cities, rental demand remains high, particularly in districts close to universities and business hubs. Short-term rentals also thrive due to the steady flow of tourists. Moreover, the city’s stable economic growth, combined with its position as a regional business hub, enhances the long-term potential for property value appreciation. Whether for personal use or as a means of generating rental income, investing in real estate in this thriving city offers substantial opportunities for both domestic and international buyers.
Reasons for investing in apartments in Budapest
Investing in flats in Budapest presents several compelling advantages:
- Robust Rental Yields: As of the first quarter of 2024, gross rental yields averaged 5.39%, reflecting a notable increase from 5.09% during the same period in 2023.
- Rising Rental Rates: In April 2023, nominal rents in the area were 23% higher than the January 2020 peak, indicating a strong upward trend in rental income potential.
- High Demand from Foreign Investors: In 2022, foreign buyers purchased a record 8,000 homes in Hungary, with a significant concentration in Budapest. This marked a 38% increase from the previous year, underscoring the city's growing appeal to international investors.
- Limited Supply of Rental Properties: The number of apartments available for rent in the area has decreased by approximately 49%, falling from 20,000 to just over 10,000. This significant reduction in supply supports higher rental rates and minimises vacancy risks for investors.
- Strategic Economic Position: The office market in the area demonstrated strong resilience, with a 19% increase in demand in 2023. This growth highlights its status as a cost-effective, strategically located business hub within the region.
These factors collectively enhance the investment attractiveness of the area, offering promising opportunities for both rental income and long-term capital appreciation.
Buying an apartment in Budapest
Finding flats for sale in Budapest is a seamless process with the help of the Global Properties property aggregator. The platform offers a user-friendly interface that allows you to search and filter listings based on specific criteria such as location, size and amenities. With detailed descriptions and high-quality photos, Global Properties makes it easy to evaluate properties without the need for extensive research. Whether you’re looking for a modern flat in the bustling city centre or a quiet retreat on the outskirts, the platform covers a wide range of options.
Additionally, Global Properties’s comprehensive database extends beyond Budapest, offering listings from across the country. This makes it an invaluable tool for buyers seeking flats and villas in Hungary, whether for personal use or investment opportunities in the country’s dynamic real estate market.