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Could you afford to rent an apartment in Budapest? Here are the prices
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Hungarian real estate might seem extraordinarily cheap for a foreign wallet, but for Hungarians, the prices seem to be skyrocketing. Based on the region, location, neighbourhood, and even the street, the price of real estate varies. But where is it cheap and where is it horribly expensive to buy one’s own home? And what about renting a home instead of buying one? How much would it cost to pay rent in Hungary? We give you all the answers in this article.
We at Daily News Hungary wrote many articles to keep our readers informed about the prices and changes regarding real estate. We informed readers about the property prices of Hungary’s most popular wine regions, for instance. We also wrote about cheap housing near Budapest. Then we collected some information about how many foreigners buy real estate in Hungary.
One of the most shocking pieces of information was the one regarding the cheapest and most expensive streets in Hungary. It turned out that real estate in certain streets can be 100 times cheaper than in others.
In Budapest, one square metre costs EUR 2,765 on average. In some of the inexpensive streets, real estate for 10,000 forints (EUR 27.44) per square metre was available. One square metre cost as little as 21,000 forints (EUR 57.62) in the cheapest streets.