If you are considering buying real estate in Budapest, you have a number of options. This beautiful city is Hungary's top shopping destination and is home to unique architectural treasures. Budapest is also known for its low cost of living, which makes it an excellent choice for a budget buyer. In addition to being a fantastic location for business and pleasure, buying property in Budapest also allows you to tailor your home to your family's needs and tastes.

Budapest is Hungary's most important shopping city

The shopping district of Budapest is full of interesting shops for visitors to choose from. The city is home to a variety of famous brands such as H&M, Zara, and Mango. If you want to shop in style, head to the Vaci Utca, the main pedestrian shopping street, which bisects other pedestrian streets. You'll also find plenty of restaurants to dine in, as there are many cafes lining this street.

Since the Soviet era, the selection of goods sold in Budapest has increased significantly. In addition to high-end brands, you'll also find small boutiques that offer a unique selection of goods. Likewise, the fashion scene is rapidly developing in Budapest, with COMING SOON signs appearing in storefront windows every week.

The largest shopping center in Budapest is the Premier Outlets Center, a multi-brand European shopping center. Here, you'll find goods from popular world manufacturers at up to 70% off their original price. The center also has food courts and playgrounds for kids.

It offers a wealth of unique architectural treasures

Budapest's historic districts have many architectural treasures and are excellent places to buy real estate. Renovated apartments in historic neighborhoods are highly sought after and affordable. Often, they can be renovated for less than ten percent of their original cost, making them an excellent investment option. While Western European clients are the most common buyers in Hungary, Chinese and Russians are also hot on Budapest's fine architecture.

Budapest has enjoyed periods of great prosperity and upheaval. Its inhabitants view history in terms of gold and silver. Its first golden age coincided with the Renaissance and King Matyas' reign. Its second Golden Age was symbolized by the 1896 millennium celebration in City Park. Afterward, it was subject to Communist and Turkish occupation for several centuries, but the city's independence was achieved in 1989.

It is cheaper to buy than to rent

While it may be tempting to rent a property in Budapest, buying a property will actually be cheaper in the long run. Property prices have increased in the past five years and are expected to continue growing. Additionally, the Budapest economy is expected to grow over the next several years. If you are looking for an investment property, purchasing a Budapest property may be a wise choice.

For those interested in buying property in Budapest, the prime real estate market can be very expensive. In some areas, real estate can cost as much as $6,500 a square meter or $605 per square foot. Most foreigners buy Budapest properties as investments, while others purchase them for retirement. Hungarians living abroad may also buy real estate in Hungary.

Besides being cheaper to buy, Budapest also has great local infrastructure. There are metro lines that run throughout the city and it is very convenient to walk around. Moreover, there are a number of parking facilities available in the city, which may cost you as much as 22,000 to 50,000 HUF per month.

It has a low cost of living

The cost of living in Hungary is much lower than in other parts of Europe. The Hungarian salary may not be as high as the salary in an English-speaking country, but the price of groceries and restaurant meals is significantly lower. With a low cost of living, real estate in Budapest is affordable for those on a budget.

The prime district of Budapest real estate budapest is relatively cheap, with prices starting at $6,500 per square meter or $605 per square foot. Most foreigners who purchase a property here do so as an investment, but some also buy for retirement reasons. Bela Varga, the director of Duna House's Property Investment Fund, says that Hungarians who live abroad may also buy property in Hungary.

The low cost of living in Budapest also allows expatriates to enjoy the city's many social options. There are many places to go out for meals, and it's not difficult to order a delivery every couple of days.