Real Estate Calculator
- Simple calculation — average price of residential real estate, commercial real estate and industrial premises in the region
- Detailed calculation — the location of the property, the type of building, repairs and infrastructure are taken into account
You can find out the cost of PURCHASE or RENTAL:
- residential real estate: apartments and houses
- commercial real estate: offices, showrooms, shops
- industrial real estate: workshops, warehouses, hangars
Hungary is a country located in Central Europe, and real estate in Hungary has been a popular investment choice for both locals and foreigners. The country's capital city, Budapest, is particularly attractive for real estate investments due to its beautiful architecture, rich history, and thriving cultural scene.
Here are some general information about real estate in Hungary:
Prices: The cost of real estate in Hungary varies depending on the location, size, and condition of the property. In Budapest, for example, the average price per square meter is around €2,000-€3,000, but it can go as high as €4,000-€5,000 in premium areas.
Property types: The most common types of properties in Hungary are apartments and houses. Apartments are usually found in multi-story buildings, while houses are typically detached or semi-detached.
Legal framework: Foreigners can purchase property in Hungary without any restrictions, and the legal process is straightforward. However, it's recommended to work with a local lawyer and a real estate agent to ensure a smooth transaction.
Rental income: Rental income in Hungary is subject to a flat income tax rate of 15%. Landlords can deduct certain expenses, such as property management fees and repairs, from their rental income.
Mortgage options: Several Hungarian banks offer mortgage loans to both locals and foreigners. The loan amount and interest rates vary depending on the bank, the applicant's financial situation, and the property's value.
Overall, real estate in Hungary can be a profitable investment for those who are looking for a stable and growing market in Central Europe. However, as with any investment, it's important to conduct thorough research and seek professional advice before making a purchase decision.