Hungary

Budapest, the capital of Hungary, is divided into two parts by the Danube River: Buda and Pest. Buda is the greener, hilly part while Pest is the business and commercial centre.

Apartments located in Buda are cheaper than apartments located in Pest. Average square metre (sq. m.) prices of apartments in Buda range from around EUR 1,800 to EUR 2,500. In Pest, average prices per sq. m. of apartments range from around EUR 2,100 to EUR 2,300.

Bigger apartments are usually found in Districts 2 and 12, Buda side. These districts are cleaner and greener and thus, among the favorites or most-preferred by expats. Smaller apartments on the other hands are found in Districts 1 and 11, are nearer the centre and the Danube River. Smaller apartments in Buda tend to be cheaper than larger ones. A 75 sq. m. apartment, on average, costs EUR 1,900 per sq. m., whereas, a 200 sq. m. apartment costs on average, EUR 2,300 and a 300 sq. m. apartment, EUR 2,500 per sq. m.

In Pest, Districts 5 and 6 are preferred by young professionals. Embassies, financial and corporate offices are located here. Thus average prices per sq. m. of apartments tend to be more expensive here.

Apartment rents are also more expensive in Pest, ranging from EUR 12 to EUR per sq. m. per month. In Buda, rents range from EUR 10 to EUR 12 per sq. m. per month.

In Buda, average rents of apartments are around:

• 75 sq. m., EUR 800 per month
• 120 sq. m., EUR 1,400 per month
• 200 sq. m., EUR 2,400 per month

Whereas in Pest, average rents on apartments are around:

• 75 sq. m., EUR 1,000 per month
• 120 sq. m., EUR 1,900 per month
• 200 sq. m., EUR 2,500 per month

Gross rental yields, i.e., the gross return on investment in an apartment if fully rented out, are good to excellent in Pest, ranging from 7.06% to 8.10%, peaking at 120 sq. m. apartments.

Gross rental yields from apartments in Buda are moderate to good, ranging from 5.99% to 7.50%, also peaking at 120 sq. m. apartments.