Real Estate in Budapest, Hungary

Real Estate in Budapest

Last updated on Feb 07, 2023

Summary: The average cost of a nice 2 bedroom home in Budapest, Hungary is around $200,000 USD. A nice 3 bedroom home in Budapest is around $250,000 USD. These properties typically include modern amenities such as central heating, air conditioning, and updated appliances. There are no restrictions on foreign ownership for properties in Budapest. An expat should search for a home to buy in Budapest by researching the different neighborhoods and areas of the city. They should also consider their budget and lifestyle when looking for a home. The most desirable neighborhoods in Budapest include the 5th district, the 6th district, and the 7th district. These areas are known for their vibrant culture, excellent restaurants, and close proximity to the city center.

How do I find a place to live in Budapest?

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

"One of the best ways to find a place to live in Budapest is to use online rental websites such as Airbnb, HomeAway, and Booking.com. These websites allow you to search for rental properties in Budapest and filter your search by price, location, and amenities. Additionally, you can also search for rental properties on local classifieds websites such as Craigslist and OLX. These websites are a great way to find apartments and other rental properties in Budapest. You can also contact local real estate agents who specialize in rental properties in Budapest. They can help you find the perfect place to live in Budapest," said one expat in Budapest.

"We looked online and found it on a Ingatlan (Realtor) Hungarian/English site. Wasn't very hard to look through the pictures. You can also use sites like xpatloop.com to help locate the Realtors. Housing in Budapest is expensive right now for anything above 900 sq ft. and hard to find," remarked one member in Budapest.

"I already knew the neighborhood from spending a summer here working as an intern. Found my apartment by asking friends & looking for apartments with roommates," explained one expat living in Budapest, Hungary.

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About the Author

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.