Where can new university students buy flats in Hungary?

On July 24, the official points for higher education institutions will be announced. In the next following days, students will inevitably conquer the Internet to look for an available flat in the capital and other major Hungarian cities with universities. But the big questions are: where and for how much?

Portfolio reported that the best option for new university students in Budapest is to apply for a college between 10,000–20,000 HUF (30–60 EUR). For this amount of money, students can live in rooms with 2–4 four beds with a shared kitchen and bathroom. On the other hand, the number of rooms in these buildings are limited, and the best option for the remaining students is still buying or renting a flat.

According to the numbers of Duna House, an average flat in Budapest moves between a price of 150,000–170,000 HUF (450–500 EUR). Students can find flats for this amount of money in Districts 9, 11, 13, 14, 5, 6, and 7. In August, the prices of flats always increase by a few percents but get back to the original price by the end of the year. On the other hand, it is advisable not to rent a flat alone but to look for a flatmate to decrease the amount of rent each month.

There must be other available flats beside the capital as well. For example, in Pécs flats cost approximately 100,000 HUF (300 EUR) but in the neighbourhood of the Medical School 120,000 HUF (360 EUR) because there are more international students in that area. On the outskirts of Szeged, a smaller flat costs 60,000 HUF (180 EUR) but in the centre the same as in Pécs and in Debrecen as well (300 EUR).

Unexpected increase showed in the number of flats in Hungary

The Hungarian real estate market has not stopped breaking new records. Last year approximately 17,681 flats were sold, which is a 23% growth from 2017 when nearly 14,000 units got new owners. This phenomenon only showed up intensively in 2010.

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Source: www.portfolio.hu