|Last Updated: Jul. 27, 2016|
|BUDA - Apartments||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|80 sq. m.||161,820||973||7.21%||1,798||10.81|
|120 sq. m.||242,040||1,390||6.89%||2,017||11.58|
|PEST - Apartments|
|90 sq. m.||207,990||1,008||5.82%||2,311||11.20|
|120 sq. m.||285,000||1,524||6.42%||2,375||12.70|
Buda: Districts I, II, XI, and XII
Pest: Districts V and VI
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Gross rental yields, i.e., the gross return on investment in an apartment if fully rented out, range from 6.89% to 7.21% in Buda, while in Pest rental yields are a little lower, ranging from 5.82% to 6.42%.
These are good yields. Two years ago we found higher yields in Pest, it is not clear to us whether there has been a genuine change or whether this is some sort of sampling problem, but our research confirmed the trend this year.
The average prices per square metre (sq. m.) of apartments in Buda, the greener side of Budapest, range from EUR 1,798 to EUR 2,017, with higher prices in Pest, the business and commercial centre of Budapest. In Pest prices are around 2,350 per sq. m..
Smaller apartments tend to be cheaper (on a per square metre basis) both in Buda and in Pest.
Rents in Buda range from around EUR 11 to EUR 11.60 per month per sq. m., whereas in Pest, monthly rents per sq. m. range from around EUR 11.20 to EUR 12.70.
When buying property, take into consideration that round trip transaction costs are quite high in Hungary. See our Property transaction costs analysis in Hungary and Round-trip residential property transaction costs in Hungary, compared to the rest of Europe.
Be the first to comment on this article!
Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.
Fortnightly updates from the global property arena directly to your inbox.
Connect to professional advice in Hungary