Cheap holiday home at Lake Balaton? Here is the list!

The area around Lake Balaton attracts both domestic and foreign visitors and property buyers for understandable reasons. If you are considering buying a holiday home around the Hungarian sea, you have quite a few options even below HUF 6 million (EUR 16,251). Evidently, they are in need of major renovation.

If you accept having to drive 20 minutes to Lake Balaton from your new holiday home, this article is for you. Of course, you will certainly have to spend several times the purchase price on these properties for renovation. However, in return, you can get away with buying them without a mortgage. Pénzcentrum has compiled a list of the 5 cheapest properties around Lake Balaton right now.

Usually, at Lake Balaton, you should start looking for a holiday home with HUF 30 million (EUR 81,300) or even more. According to experts, the only properties in the lower price bracket are those further from the waterfront, which are more outdated and in need of renovation. Properties that fall below the HUF 20 million (EUR 54,195) mark are in need of renovation and/or are far from the lake, Pénzcentrum reports.

None of the 5 cheapest properties found by Pénzcentrum cost more than HUF 6 million. So you don’t necessarily need a home loan to buy them.

These are the 5 cheapest properties around Lake Balaton right now

1. Zalakomár, HUF 3.6 million

Source: ingatlan.com

Currently, the cheapest house advertised with a photo is a property in Zalakomár, for HUF 3.6 million (EUR 9750). The price per square metre of the 60 square metre, 2-bedroom property is just HUF 60,000 (EUR 162.50). The only problem is that the house needs a complete renovation: it is missing windows and doors. In return, Zalakaros is nearby and Lake Balaton is 20 minutes away.

2. Karád, HUF 4.8 million

Source: ingatlan.com

An adobe house in Karád is for sale for HUF 4.8 million (EUR 13,000), located in the vicinity of Balatonszemes, Balatonszárszó and Balatonlelle. The 35-square-metre building is actually a wine cellar with a press house and one room. It is located in the inner area, but the water and electricity are still to be connected.

3. Várvölgy, HUF 4.9 million

Source: ingatlan.com

For HUF 4.9 million (EUR 13,272), we can also own a 115-square-metre house in Várvölgy (a house for HUF 42,000 (EUR 113,76) per square metre). The property consists of two attached houses, one of which can still be saved, the other is to be demolished. In addition, it has a shared yard, but with their own yard, an elderly couple still lives here. It is close to Badacsonytomaj, Keszthely and Tapolca.

4. Sármellék, HUF 5 million

Source: ingatlan.com

For HUF 5 million (EUR 13,547) you can buy a dilapidated house in Sármellék with 254 square metres. It has electricity and a drilled well on the property, but it is in need of major renovation. However, Balatonszentgyörgy and Keszthely are within easy reach.

5. Somogyvár, HUF 5.7 million

Source: ingatlan.com

The fifth cheapest property around Lake Balaton on the list is a 50-square-metre house on a 6,000-square-metre plot in Somogyvár for HUF 5.7 million (EUR 15,428). The house is in need of complete renovation and modernisation, but the utilities are theoretically installed. The nearest settlements are Fonyód, Balatonlelle, Balatonfenyves.