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Real Estate in Tihany, Hungary | Expat Exchange
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Real Estate in Tihany, Hungary

By Betsy Burlingame

Last updated on Jul 04, 2023

Summary: People living in Tihany, Hungary offer advice about real estate. How do you find a home in Tihany? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Tihany?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Tihany, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a larger family home. Next, you should research the different neighborhoods in Tihany to find one that suits your lifestyle and preferences. Consider factors such as proximity to work or school, availability of public transportation, safety, and the presence of amenities such as shops, restaurants, and parks. Once you have a clear idea of what you're looking for, you can start your search. There are several online real estate portals that list properties for rent or sale in Tihany. Websites like ingatlan.com and alberlet.hu are popular options. These sites allow you to filter your search based on location, price, size, and other features. In addition to online searches, you might also want to consider hiring a real estate agent. An agent can help you navigate the local market, arrange viewings, and negotiate contracts. Make sure to choose an agent who is familiar with the Tihany area and has a good reputation. When you find a property you're interested in, arrange a viewing. This will give you a chance to inspect the property in person and ask any questions you might have. If you're renting, ask about the terms of the lease, including the duration, renewal options, and any restrictions. Finally, once you've found a place you like, you'll need to secure it. This usually involves signing a contract and paying a deposit. Make sure to read the contract carefully and understand all the terms before signing. If you're buying a property, you'll also need to arrange for a mortgage if necessary. Remember, finding a place to live can take time, so be patient and don't rush the process. It's important to find a place that you'll be happy with in the long term," explained one person living in Tihany, Hungary.

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What is a typical expat home or apartment like in Tihany?

"A typical expat home or apartment in Tihany, is often a charming blend of traditional Hungarian architecture and modern amenities. These homes are usually spacious, with high ceilings and large windows that let in plenty of natural light. The living areas are often open-plan, with a comfortable living room, a dining area, and a fully equipped kitchen. The bedrooms are usually large and comfortable, often with en-suite bathrooms. Many homes also have outdoor spaces, such as balconies or terraces, where residents can enjoy the beautiful views of the surrounding countryside or the nearby Lake Balaton. The homes are often located within walking distance of local amenities, such as shops, restaurants, and public transportation. Despite being in a rural area, these homes often have modern conveniences such as high-speed internet and satellite TV. Many expats choose to live in Tihany for its peaceful, relaxed lifestyle and its close proximity to nature," explained one expat living in Tihany, Hungary.

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What is the average cost of housing in Tihany?

If you are thinking about moving to Tihany, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Tihany can vary greatly depending on the type and location of the property. However, it is generally considered to be more expensive than other parts of Hungary due to its popular tourist location by the lake. As of now, it's difficult to provide an exact average cost without specific data. It's recommended to check real estate websites for the most current and accurate information," said one expat in Tihany.

Should I buy or rent a home in Tihany?

If you have not spent a lot of time in Tihany, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Tihany, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Tihany for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and gives you a sense of stability and permanence. On the other hand, if you're not sure about your long-term plans or if your job requires you to move frequently, renting might be a better option. Renting offers more flexibility and less responsibility for maintenance and repairs. It also requires less upfront capital than buying a home. Consider the real estate market in Tihany as well. If property values are rising, buying a home could be a good investment. However, if the market is stagnant or declining, renting might be a safer choice. Lastly, consider your financial situation. Buying a home requires a significant upfront investment, including a down payment, closing costs, and ongoing expenses like property taxes and homeowners insurance. Renting, on the other hand, typically involves lower upfront costs and could allow you to save money or invest in other areas. In conclusion, the decision to buy or rent a home in Tihany, Hungary, should be based on your personal circumstances, financial situation, and long-term plans. It's important to carefully consider all factors before making a decision," said one person in Tihany.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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