Finding Your Home in Hungary: A Guide to Renting and Buying for Expats

Finding your new home in Hungary is an exciting step, and with the right guidance, it can also be a smooth one. Whether you’re planning a short stay or a long-term move, deciding whether to rent or buy is one of the first big choices you’ll face. Buying property in Hungary as a foreigner is entirely possible, though it may require some extra paperwork depending on your nationality. Hungary offers a welcoming lifestyle, beautiful cities like Budapest, and affordable living, which is why more expats are choosing to settle here. With a little research and support, you can make confident decisions and avoid common mistakes.

The Hungarian property market is full of opportunities. Prices are rising in many areas, especially in Budapest, but this also means strong long-term value if you choose to buy. Buying property in Budapest, Hungary, gives you access to a dynamic city with rich culture and excellent amenities. Renting remains flexible, and buying can be a smart move, especially if you work with a reliable real estate company that understands the market. They can help you find the right place and guide you through the process, which reduces the risk and enables you to settle in more quickly.

If you’re considering buying property in Hungary, this guide will walk you through everything you need to know to make the best choice for your new life. The answer to “Can a foreigner buy property in Hungary?” is yes, with the right steps and expert help, it’s more accessible than you might think.

Where to Live: Best Districts in Hungary for Expats

If you are moving to Hungary, Budapest is likely your first stop. It’s the country’s capital and the most popular place for expats. You’ll find neighborhoods that suit different lifestyles, whether you prefer quiet and space or a place full of activities. Many newcomers begin their search by exploring rentals in Budapest, Hungary, online to get a sense of the market.

Buda Side (Quiet and Green Neighborhoods)

On the Buda side, District II (Rózsadomb) is a peaceful and green neighborhood. You’ll see villas, quiet streets, and great views of the city. It’s a favorite among families because of its calm atmosphere and parks. It’s not in the center, but public transport still makes it easy to get around. For those seeking long-term rentals in Budapest, Hungary, this district offers both comfort and scenic surroundings.

Close by, District XII (Hegyvidék) also offers green areas and clean air. You can enjoy hiking near Normafa or take the chairlift up to János Hill. This area is quieter than downtown but still accessible by tram or bus. Many expats with kids live here because of the space and safety.

District XI (Újbuda) provides a balanced lifestyle. It has quiet neighborhoods and also lively spots like Kopaszi-gát, where you can eat by the river or go cycling. There are also universities nearby, so you’ll see a mix of students and families. Metro Line 4 connects you quickly to the city center. It’s an area often recommended in a Hungary real estate guide for expats for its balance of nature and city access.

Pest Side (Lively and Central Neighborhoods)

If you prefer to live closer to the action, you might like the Pest side. District V (Belváros-Lipótváros) is right in the heart of Budapest. You can walk to shops, cafes, and landmarks like the Parliament Building. It’s a great area if you want to be close to your office or enjoy city life, but it’s also one of the most expensive places to rent. Many apartment rentals in Budapest, Hungary, are located here, especially for people wanting a central location.

District VII (Erzsébetváros) is full of bars, cafes, and music. This is where Budapest’s famous ruin bars are located. If you like a creative or social lifestyle, this could be the right fit. It’s busy and loud in parts, but there are quieter streets too. Public transport here is excellent. This district is also popular for vacation rentals in Budapest, Hungary, especially during festival seasons.

District XIII (Angyalföld) is popular among young families and professionals. It’s not far from the city center and has newer apartments, green parks, and good schools. The area is growing, and rental prices are more reasonable than in the downtown districts. If you’re renting in Hungary as an expat, this district is affordable and easily accessible.

District IX (Ferencváros) is changing fast. It used to be industrial, but now it has new housing, restaurants, and theaters. It’s popular with students and younger expats. Some parts are still affordable, and it’s well-connected by tram and metro. Working with real estate agents in Budapest, Hungary, can help you find hidden gems in districts like this.

Other Hungarian Cities

While Budapest is the main hub, the other cities also have expat communities. Debrecen is Hungary’s second-largest city and has many international students. Szeged is known for its relaxed feel and university life. Pécs is artistic and charming, with a slower pace. These cities are quieter and cheaper than Budapest, but they have fewer job options for foreigners. Real estate agents in Hungary can offer insights if you’re considering a move outside the capital.

When choosing where to live, think about what matters most to you. Do you want green parks or busy streets? Are you working in the center or studying at a university? Budapest has neighborhoods for every lifestyle, and working with a good real estate company will help you find the right fit. The best neighborhoods in Budapest for expats depend on your personal needs, but there’s something for everyone.

Understanding the Property Market in Hungary

If you are thinking about buying property in Hungary, you should understand how the market works. Prices have been rising fast, especially in Budapest, where demand is high and homes sell quickly. Some places even see bidding wars, which shows just how competitive things have become. This means you need to act fast if you find a home you like in the capital. If you’re wondering about the best place to buy property in Hungary, Budapest still leads due to its strong rental potential and long-term value.

You can also explore other cities like Győr or Szombathely. These cities have lower average prices but still offer good housing quality. In Szombathely, homes sold for around €98,000, which is more affordable than most Budapest districts. These smaller cities are growing too, and they may be good places to live or invest if you are looking for something more relaxed or less expensive.

Average New Home Prices in Hungary (Q4 2023)

As a foreigner, you may notice more people like you are buying in Budapest. Many investors from China or Vietnam are entering the market, especially in Districts VII, VI, and XIII. This shows you’re not alone, but it also means more competition. Some of the more affordable districts in Budapest for expats include parts of District VIII and District XIII, where new developments are still reasonably priced. New buildings are being built to meet demands, but they may sell out fast, so you should plan.

If you’re not sure whether to rent or buy, you should think about how long you want to stay. Renting is often better for short stays because it’s flexible and less risky. But if you plan to live in Hungary for many years, buying may save you money over time. Just remember to think about taxes, mortgage costs, and how fast the neighborhood is growing. Being aware of the pitfalls of buying property in Hungary—like hidden renovation costs, unclear land registry records, or legal issues—is also important to avoid surprises.

Hungary Rental Market Overview

If you’re planning to rent in Hungary, it’s important to know that prices in Budapest are much higher than in other cities. Budapest is the center of business, tourism, and culture, so people are always looking for homes there. This high demand means prices are rising, and finding a good deal can be hard. In smaller cities, you’ll usually pay much less for similar apartments, and they can be quieter and easier to manage. If you don’t need to be in the capital, choosing a regional city can help you save money. When it comes to finding rentals in Hungary, starting early and using reliable websites is one of the best ways to stay ahead of the competition.

As an expat, you’ll find different kinds of rental properties to choose from. Some are short-term and already furnished, which helps if you’re just arriving or staying for a few months. These short-term rentals in Budapest are common in central districts and popular with digital nomads or business travelers. If you plan to stay longer, you can also look for unfurnished homes with yearly contracts. These options may cost less and give you more freedom to decorate.

Families often pick places near international schools or parks, while students usually go for small studios or shared flats. Many newcomers also search specifically for furnished apartments for rent in Hungary when they first arrive, since it saves the time and cost of buying furniture right away.

Average Monthly Rental Prices by Region (2025)

When looking for a rental, it helps to start early and do some research. Use trusted websites, and always check the area and price before visiting. Be careful with deals that seem too good to be true. You should never send money before seeing the place and signing a contract. Understanding how Hungarian rental contracts work is also important; leases are usually for 12 months and often require a two-month deposit. If you’re unsure, work with a local agent or ask other expats for advice. Most rental help from the government is for Hungarian citizens, but some local offices or universities can still give useful support if you’re new to the country.

Buying Property in Hungary: What Expats Need to Know

Buying property in Hungary can be a great opportunity, especially if you are looking for stable growth and affordable prices compared to other European countries. As a foreigner, you can purchase many types of properties, like houses, apartments, or business spaces. If you are from the EU or Switzerland, you can buy without any special permits. But if you are from a non-EU country, you will need approval from the local government. This step usually takes a few weeks and is often just a formality, but it’s important to plan ahead.

Once you start searching for a property, you’ll see that places like Budapest and Lake Balaton are popular with expats. Budapest is a favorite for people who want to live in the city or rent to tourists, while areas like Debrecen and Győr are growing fast and offer strong investment potential. You can choose from older homes or brand-new buildings, depending on what suits your goals. However, some types of land—like agricultural or heritage buildings—have special rules, so those are harder to buy.

Hungary Property Buying Process:

• Search for a property through websites, local agents, or property consultants
• Agree on the terms and sign a preliminary agreement with a small deposit
• Hire a lawyer or notary to prepare or review the official purchase contract
• Have your lawyer conduct due diligence by checking the property’s ownership, any outstanding debts, legal permits, and safety certificates
• Apply for a permit if you are a non-EU citizen (this usually takes about one month)
• Sign the final agreement, which includes all legal details and payment conditions
• Register the property with the Land Registry to officially become the owner
• Pay the taxes and fees, complete any financing steps, and transfer utility accounts

Finally, make sure you seek expert advice early on. A lawyer or experienced real estate agent can guide you through contracts, ownership rules, and municipal regulations. There are several important legal tips for buying property in Hungary, including checking the seller’s ownership rights, confirming zoning restrictions, and understanding the tax obligations that come with the purchase. At TEKCE, we provide legal support through our trusted attorney partners to assist you with the official paperwork and ensure your purchase is all within legal rules.