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The capital of Hungary has a very rich history. It often seems that time in Budapest has stopped and there is still the 18th or 19th century. All this makes Budapest very attractive for tourists and for those who are looking for a property for permanent residence.
Buying real estate in Budapest is becoming interesting to an increasing number of people from Russia and the CIS countries. Some are looking for a quiet and comfortable new home, others are looking for opportunities for profitable investments, because Hungary is very popular among tourists, and you can rent them your living space.
In Budapest, there are various real estate - from new buildings, to old, historic houses with very beautiful architecture, but the age of the building in which the housing is located has a significant impact on the price.
Real estate prices in Budapest start from an average of € 1000 sq.m, but such options often require repairs and additional investments. Resale property in good condition will cost several thousand more per sq.m. Property in the center of Budapest is quite expensive, since there are a lot of historical buildings.
Houses and cottages cost an average of € 150,000, the price depends on the area in which the house is located. The average price of an apartment of 50 square meters is from € 100,000, depending on the condition and area, because finding a house or apartment in the green area of the city is more expensive.