Hungary: House Prices, Rents, and Rental Yields
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Last Updated: Dec 14, 2006
Yields are moderate in Budapest
| Last Updated: Dec. 14, 2006 | |||||
| BUDAPEST 1 - Pest (Centre) 2 | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 35 sq. m. | 56,000 | 375 | 8.04% | 1,600 | 10.71 |
| 50 sq. m. | 95,000 | 600 | 7.58% | 1,900 | 12.00 |
| 75 sq. m. | 140,000 | 875 | 7.50% | 1,867 | 11.67 |
| 120 sq. m. | 215,000 | 1,450 | 8.09% | 1,792 | 12.08 |
| 150 sq. m. | 265,000 | 1,850 | 8.38% | 1,767 | 12.33 |
| 250 sq. m. | 520,000 | 2,900 | 6.69% | 2,080 | 11.60 |
| BUDAPEST - Buda (Prestigious Areas) - Houses 3 | |||||
| 100 sq. m. | 200,000 | 1,100 | 6.60% | 2,000 | 11.00 |
| 150 sq. m. | 275,750 | 1,750 | 7.62% | 1,838 | 11.67 |
| 250 sq. m. | 509,900 | 2,850 | 6.72% | 2,036 | 11.40 |
| 350 sq. m. | 674,500 | 4,200 | 7.47% | 1,927 | 12.00 |
| 500 sq. m. | 925,500 | 5,800 | 7.52% | 1,851 | 11.60 |
| BUDAPEST Suburbs - Houses 4 | |||||
| 250 sq. m. | 290,000 | 1,550 | 6.41% | 1,160 | 6.20 |
| 350 sq. m. | 356,000 | 2,250 | 7.58% | 1,017 | 6.43 |
| 450 sq. m. | 627,500 | 3,300 | 6.31% | 1,394 | 7.33 |
|
1 Budapest City is divided by the Danube River into two areas, Buda and Pest. Pest lies to the right of the river, and contains the financial/business centre of Budapest. Buda, on the left of the river, is generally the green and hilly district of Budapest. As a general rule, most expats with families choose Buda, and singles/couples go for Pest. 2 Districts 5, 6, 7, and some parts of district 13. 3 Districts 2 and 12 are the most prestigious areas. District 12 is the home of the President and the Prime Minister among other political luminaries. International schools are located in these districts. 4 Budaors, Torokbalint, Diosd, Erd. Source: Global Property Guide |
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Yields are around 6.6% to 8.3% for apartments in Pest, Budapest, the centre of the rental market.
The leading real estate agents produce broadly similar figures: A1 Real Estate has average Budapest rental yields at 5% to 6%: Budapest Property Finder has yields of 6% to 8% for city-centre properties; and Otthon Centrum has 4% to 6% for Budapest apartments, 7% to 9% yields for houses.
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