Whether you're looking to invest in real estate in Budapest or looking to buy a property in Budapest for your personal use, there are a few things you should know before deciding. The first thing is to find out what kind of properties are available and where they're located. You can also take a look at the real estate market statistics, and see how prices have changed over the past few years. You'll also want to consider what kind of taxes you'll have to pay on your income and whether that'll affect the profitability of your investment.

Pest, Transdanubia, and Western Transdanubia saw the biggest y-o-y price increase in Q1 2021

During the first quarter of 2021, Hungary's house price index climbed by 10.6% inflation-adjusted, compared with the previous year. This was the first time that Hungary's house prices increased by more than 10% during the first quarter of a year.

Hungary's total housing supply increased by 19.5% during the first half of 2019, compared to the previous year. However, the number of second-hand homes sold fell by 17.7%. The number of newly built homes increased by 68%, compared with the previous year.

The value of new housing loans climbed 6.5% in the first half of 2019, compared with the previous year. The housing loan market remains small, with the size of the market estimated at 7.8% of GDP.

Taxation on rental income in Hungary affects the profitability of the investment

Whether you are a resident or non-resident of Hungary, rental income is taxed in Hungary. The effective tax rate is calculated based on your income-earning activities. Depending on your situation, you may be able to apply for a tax treaty relief.

Tax treaties can apply to your non-resident income if you are an individual or a company. Non-residents can also obtain residency in Hungary. If you are a resident of Hungary, you must declare your income in your annual tax return. If you are a non-resident, your income may be taxable in Hungary if you receive Hungarian-source income or if you are eligible to receive social security benefits.

Hungary is a member of the European Union (EU). The Hungarian government has an independent foreign policy and is a member of the European Economic Area (EEA). It also has double tax treaties with other countries.

Choosing a real estate agent in Budapest

Buying a house in Budapest can be a good investment, especially if you plan to stay there for a long time. The city's real estate budapest market is hot right now. There are a variety of property types available, but most are apartments. A typical house in Budapest has two or three bedrooms and around 50 square meters. The average home price is 923,867 USD.

When choosing a real estate agent in Budapest, make sure to choose an agent who understands the local market. This will help you make the right decision. You should also make sure the agent works in your best interests. The agency can also make it easier for you to find a home.