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Last Updated: Jul 10, 2009

Budapest yields move sharply up

Last Updated: Jul. 10, 2009
BUDA - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
50 sq. m. 78,700 427 6.50% 1,574 8.53
85 sq. m. 143,990 981 8.17% 1,694 11.54
120 sq. m. 257,160 1,532 7.15% 2,143 12.77
200 sq. m. 461,600 2,618 6.81% 2,308 13.09
PEST - Apartments
50 sq. m. 82,950 479 6.93% 1,659 9.58
85 sq. m. 130,985 826 7.57% 1,541 9.72
120 sq. m. 201,960 1,366 8.11% 1,683 11.38
Districts researched:
Buda: Districts I, II, III, XI, and XII
Pest: Districts V and VI
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Good news!  Gross rental yields in Pest for the high-end apartments now average 7.54%, and their yields have increased by almost 2% from the previous year.  

Gross rental yields in Buda average a lower 7.16%, but again have increased by 1.59% on our 2008 estimates.

This is very positive news, suggesting that value is returning to at least some real estate markets, after the recent turmoil.

 

 

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