• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Real estate: luxury homes in BudapestReal estate: luxury homes in BudapestReal estate: luxury homes in BudapestReal estate: luxury homes in Budapest
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
  • EU rapporteur: Hungarian secret services have been leaking to the Russians for years – UPDATED

  • Wizz Air intentionally misleading its passengers? Hungarian authority investigates

Support us
Kitti Erdő-Bonyár Kitti Erdő-Bonyár · 16/03/2018
· Business

Real estate: luxury homes in Budapest

Budapest economy money property real estate

Luxury homes and apartments constitute only a minimal percentage of the whole real estate market in Hungary, yet, business is booming, and there are more foreign investors than ever. The starting price of luxury apartments in Budapest is EUR 4880/m2, but it can go as high as EUR 9600/m2, reports Életforma.hu.

Let’s cut to the chase: how much?

While a few decades ago, the majority of the luxury homes could be purchased for EUR 160,000, now it is hard to find anything below EUR 320,000.

One of the most expensive homes for sale is a luxurious villa with 12 bedrooms on Andrássy Avenue that can be yours for EUR 22 billion.

In case a villa is too much for you, there are luxury apartments situated in Budapest’s centre for EUR 1.5 million. For roughly the same price, you can purchase a penthouse apartment with full panorama to the river Danube. The Buda side is slightly more expensive; there, you are less likely to find a more exclusive luxury home for less than EUR 3.2 million. These properties can be found on Duna House Prime which is the segment of the Duna House franchising system that is specialised in the exclusive real estate. Currently, DH Prime offers more than 250 unique and premium homes in Hungary.

Where?

As they say in real estate: location, location, location.

The majority of the luxury apartments are located in the capital, but there is a growing supply and demand in the Balaton region as well. In Budapest, the starting price of luxury apartments is EUR 4880/m2, but it can go as high as EUR 9600/m2. Besides the location, important factors influencing the price are facilities, additional services, extremely high-quality materials, special design and uniqueness.

Annamária Uracs, the manager at Duna House Prime, told Életforma.hu:

“The most important factors in the Hungarian exclusive real estate market are the location, uniqueness and the complexity of services. . . the clientele in Hungary is more aware of more elegant needs and expectations . . . because in many cases, they gained experience in real estate abroad.”

Source: www.eletforma.hu

Budapest economy money property real estate
Share
Kitti Erdő-Bonyár
Kitti Erdő-Bonyár

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • What happened today in Hungary? 7 February, 2023
  • PHOTOS: Hungarians saving many lives in Türkiye
  • EU rapporteur: Hungarian secret services have been leaking to the Russians for years – UPDATED
  • Hungary, Serbia fair partners in imported gas transits
  • PHOTOS: The Hungarian restaurant where you can have 24-carat gold cappuccino
  • Military convoys to swarm Hungary’s roads this week
  • Foreign workers are flocking to these Hungarian towns
  • Here is when Russia starts building Hungary’s new nuclear power plant

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V