Many real estate markets in the world are booming on the back of Central Bank liquidity. Hungary is also seeing a boom of its own in rural areas close to Budapest. The outskirts of Budapest are doing well as well, thanks to government incentives and mortgage lending for new buildings.
However, the overall data is hiding that real estate prices in the gorgeous historical center of Budapest have taken a serious hit. This market had a huge proportion of Airbnbs, which have been devastated by the government’s closed border policy. Most Airbnb owners have rotated to long term rentals, thus flooding this market and compressing rental yields. Many owners have had to sell.
Back in November, I had written an article on real estate in Budapest stating that people should wait before buying. I was right. Unlike in most markets, prices dropped heavily in downtown Budapest.
In this video with Benedek, my real estate buyer’s agent in Budapest, we discuss the latest Budapest real estate market developments, and how to profit from the coming end of the mortgage payment moratorium.
00:00 Budapest real estate market overview
02:28 Apartment visit in 5th district, Budapest
07:14 The real estate rental market in Budapest, yields, and Airbnb
09:26 Hybrid rental solutions in Budapest for better yields
10:09 Renovation costs in Budapest, Hungary
12:42 Mortgage Moratorium in Hungary and how to profit
If you are interested in Budapest real estate, do learn more about Benedek’s buyer’s agent services here or send him an email at benedek@thewanderinginvestor.com.
Also, feel free to get in touch with my lawyer for your real estate legal needs in Budapest here.
To a World of Opportunities,
The Wandering Investor
Articles on Hungary:
- Full Guide to Investing in Real Estate in Budapest, Hungary
- Why did I sell my Budapest Apartment?
- The Hungarian Forint is crashing – great value real estate in Budapest
- A cheap Plan B in rural Hungary
- How to maximize Airbnb yields when you invest in Budapest – up to 10% net yields
Available services in Hungary:
- A Real Estate Lawyer in Budapest, Hungary
- My favourite buyer’s agent in Budapest, Hungary
- Residency-by-Investment in Hungary for non-EU people
If you want to read more such articles on other real estate markets in the world, go to the bottom of my International Real Estate Services page.
Subscribe to the PRIVATE LIST below to not miss out on future investment posts, and follow me on Instagram, X, LinkedIn, Telegram, Youtube, Facebook, and Rumble.
My favourite brokerage to invest in international stocks is IB. To find out more about this low-fee option with access to plenty of markets, click here.
If you want to discuss your internationalization and diversification plans, book a consulting session or send me an email.
Great read, Budapest is an all time favorite destination, and it’s great to see there’s still potential for real estate investments there.
An useful and insightful sharing and subsequent update in June 21. Anyway for me to contact you for further advice on potential purchase of property in Budapest? Look forward to hear from you. Thanks in advance.