Buying Real Estate in Budapest

Purchasing a house in Budapest can be a great investment. With property prices on the rise over the past ten years, Budapest is an attractive place to buy a property. You can find a range of properties from apartments to mansions. You can also renovate your home to your specifications.

Having a holiday in Real estate agency Budapest can be a fun experience but it's important to keep a few things in mind to make sure you stay safe. You'll want to avoid getting lost, keep your valuables locked up and be cautious about leaving them out on display.

Thankfully, Budapest is a relatively safe city compared to other European capitals. But that doesn't mean it's free of crime. In fact, some areas are much more dangerous than others.

One of the most infamous slums in Budapest is Hos Street. Last year, a Frenchman was killed in the street after a drunk perpetrator punched him twice in the face.

In other cases, people may target public areas like public transportation hubs. There are also many break-ins and car robberies. However, violent crimes are rare in Budapest.

Another way to avoid petty crime is to avoid dark side streets and underpasses. You can also take advantage of taxi drivers to get you around town. However, you'll need to be aware of the fact that they can often extort money from tourists.

During the last 10 years, the average price per square meter of housing in Budapest has increased by more than double. During that time, Hungary's property market has been one of the hottest in the EU.

While the rise in prices has been relatively steady over the past few years, the upturn has been even more pronounced in some districts. Budapest's housing market is expected to heat up again in the coming years.

The number of foreign homebuyers increased by more than a third in the first half of the year. Most foreigners live in Pest, the eastern part of Budapest. This area has two-thirds of the capital city's territory.

In the first half of 2019, the total number of newly constructed dwellings in Hungary soared by 22.9%. The total value of housing loans increased by 9.3%. The value of loans has been supported by an increase in the number of home purchases on credit. The ratio of home purchases on credit is expected to rise to 47 percent in 2020.

Investing in Hungary's real estate market offers lucrative opportunities for investors. Budapest, often called the "Little Paris of Central Europe", has a lot to offer. It is located along the Danube, divided into Buda and Pest, and it offers historic buildings, museums, and churches.

Budapest is a major tourist destination. It has an attractive mix of modern architectural trends and historical buildings, and it is known for its museums, galleries, and churches. It is also a great hub for exploring Central Europe. It is located 2.5 hours by plane from London and Vienna, and five hours by car from the Adriatic Sea.

The Hungarian banking system is stable and healthy. Commercial banks offer credit to both foreign and domestic investors at market terms. The loan-to-deposit ratio fluctuated between 92.4% and 85.6% in 2015 and 2018. It was at a record high of 160 percent in 2009.

The real estate market in Hungary has been one of the hottest in the EU over the past decade. However, in the last two years, foreign participation in the real estate market dropped significantly. In Q2 2018, the average house price in Budapest grew by 16.2% in nominal terms and 12.7% in real terms.

Investing in a property in Budapest can be very beneficial for any buyer. It is a hub for diplomats, professionals, international students, and ex-pats. With dozens of international company headquarters and 20 universities, it is a great place to live and work.

The city has a number of newly built projects. A few of these are in the center of the city. Some of them are on the Pest side, while others are on the Buda side. The location of these projects can depend on the buyer's criteria. For instance, it is important to know which district of Budapest you want to live in. Then, you need to know the dynamics of that district.

The New Budapest Renovation Company offers a full range of residential renovation services. They also offer a free initial consultation. Their team speaks English, French and Hungarian and guarantees high-quality construction and a clean handover. The company's portfolio of renovations is available for clients to see.