Surprising answer: what home could you buy for €140,000 in Hungary?

For those who would like to move to Hungary or are currently living here and maybe contemplating on buying a new home, or for those who are just simply curious, we will show how large of a house or apartment you could buy for HUF 50 million or approximately € 140,000.

At first, that amount sounds a lot, but depending on where you might want to live, well, that might not be worth that much. In one of our previous articles, we wrote about the most expensive and cheapest streets in Budapest, but now we will take a look at which counties and cities you might want to buy a new home in.

With the help of Pénzcentrum’s real estate market overview, which utilised data from the OTP Residential Real Estate Value Map (OTP Lakóingatlan Értéktérkép) and the Budapest New Home Value Map (Budapesti Újlakás Értéktérkép), we can now show you your money’s worth in Hungary.

According to the overview, the Hungarian real estate market has a considerable gap or rather a chasm in the middle.

In some places, you could only buy a small, used apartment or a shed-sized new one, while in other parts of the country, you could buy a mansion’s worth of apartment. If you guessed that Budapest was the most expensive, then you were right. As the data in the chart will show you,

you will not be able to buy a used apartment over 70 m² in 8 of the 23 districts in Budapest. Not to mention that they would likely need to be renovated.

Of course, the most expensive areas of the city are on the Buda side and in the inner districts of Pest. If you would like to purchase something bigger and more liveable, you might want to consider the capital’s outer districts.