One million euros for downtown flats in Budapest – Is it worth it?

What is the reason behind the desire of buying flats for millions in the Hungarian capital?

91 sqm top floor dream apartment, with 40 sqm terrace is available for sale – wrote Property Lingstings (Financial Times).  According to the article, all rooms and terraces have a breathtaking panoramic view of Gellért Hill, the Buda Castle and the Danube. It is undoubtedly an excellent layout property, with two bedrooms and two bathrooms.

In the middle of the cosy living room, even a granite fireplace can be found.

The customer who buys this place will get an excellent panoramic view from the custom-designed walnut dining table and the comfortable leather living room furniture.

Also, in the evenings, it is an excellent entertainment to use the 5.1 sound system and even a projector.

HVG reported that these features all sound extraordinarily charming and attractive but for how much money? The average square-meter price is 2.6 million HUF (7,690 EUR), and the whole flat is closely

343 million HUF (1,014,600 EUR). 

Featured image: www.facebook.com/spiceofeurope 

Renting flats in Budapest will cost you an arm and a leg!

According to statistics, in September, the average price of renting a flat in the Hungarian capital was 160,000 HUF (460 EUR). This means that from last year, rent prices increased by 7%.

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Source: www.propertylistings.ft.com, www.hvg.hu