CLOSE X

Register - if you don't have an account

Yes! Sign me up for Global Property Guide's fortnightly email newsletter.


Login - for registered users

Forgot Password?
Explore destinations
continent map couldn't be loaded Pacific Europe & Russia North America Latin America Asia Africa Middle East Caribbean

 


Financial Overview

Directory

Property Search

Global Statistics

Regional Statistics






Jul 25, 2016

Gross rental yields good in Budapest


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
Districts researched:
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.






Comments


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.



Compare Countries



Free Newsletter

Fortnightly updates from the global property arena directly to your inbox.


Email Address:





Connect to professional advice in Hungary





PROPERTY RECOMMENDATIONS

 
Download free property reports from international research houses

Our Newsletter

 
Fortnightly updates from the global property arena directly to your inbox.

Manage subscriptions