Property buying guide for Hungary
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Property prices in Hungary

Hungary is popular among property investors for a number of reasons, including its mild climate, amazing landscapes, numerous health resorts and relatively cheap property. According to Eurostat, from Q1 2007 to Q1 2017, property prices in Hungary increased by 20%.

Budapest is a resort city and one of Eastern Europe’s cultural centres. Local property prices are significantly lower compared to other European cities. In Budapest, the prices usually range from €1,600–2,800/m², while prime property costs €4,000/m², which is several times cheaper than in London or Paris. Property in Districts V, VI, VII, IX and XIII traditionally attract the most foreign buyers.

Residential properties in most Hungarian regions are cheaper than in the capital, apart from the popular resorts of Balatonfüred, Debrecen, Tapolca, Hévíz and Eger (Table 1). A three-bedroom, 100m² villa with two bathrooms, a living room, kitchen and garden typically costs €250,000—400,000.

Castles are also on sale in Hungary. Prices range from several hundred thousand euro to several million euro.

Table 1: Property prices in Hungary (€/ m²)

Budapest

1,600–2,800

Debrecen

800–1,300

Eger

1,000

Source: Numbeo
Property buying guide for Hungary
Article 1 of 6
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Alina Chakalova
Alina Chakalova
Real Estate Expert Tranio in Hungary
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