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Hotspots

Budapest

Budapest is a bustling city which was originally made up of the three distinct areas, these being - Buda, Pest and Obuda. In 1873, the areas amalgamated to form the modern day Budapest that now has a population of 1.8 million inhabitants.

The city is currently enjoying an economic boom with properties appreciating by up to 35% annually in the most desirable central areas such as district V. One should also consider the more up-and-coming districts of Pest such as VI-IX and also district XIII.

The rental market is as equally strong with annual income of approximately 8% of the property value possible. There is also a thriving student population willing to rent property which should not be neglected.

In terms of style of property, you should expect to find apartment style housing in central Budapest, whereas more traditional family housing will be located further afield in the suburbs.


Lake Balaton

Lake Balaton is the largest expanse of freshwater in Europe and the first settlements can be dated back to the Iron Age. The area is a large draw for water sports enthusiasts and there is a lively set of resorts on the southern shore, the largest and most popular being Siofok. If you are aiming for a more tranquil and serene environment, the northern shore would be the most desirable area and the Tihany Peninsula is Hungary's first national park.

House pricing has been fairly constant in the Lake Balaton area; however, this is due to rise due to investment by property investors and the increase in new build property developments.

The rental market is dominated by short-term lets to tourists. The usual rental season will run peak from May to September and during this period, there is great demand for property in the Lake Balaton region.

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