Budapest Condos for Sale – What You Need to Know Before You Buy

If you’re thinking about a city‑center pad in Europe, Budapest is a solid pick. The capital blends historic charm with modern comforts, and condos here often deliver great value compared with other major capitals. Below we break down the basics – where to look, how much you’ll pay, and the steps to seal the deal.

Where to Find the Best Condos

Budapest is split by the Danube into Buda and Pest, each offering a different vibe. District V (Belváros‑Lipotoki) is the heart of the city, packed with cafes, shops and easy transit. Condos here are pricey but come with prime addresses. District VII (Erzsébetváros) is known for its nightlife and youthful feel; you’ll find many renovated loft‑style units at mid‑range prices.

If you prefer quieter streets and views of the Castle Hill, check out District I (Várkerület). The market is smaller, but the scenery makes up for it. For families or investors, District XII (Hegyvidék) offers greener surroundings and newer builds, often at a lower per‑square‑meter cost.

Price Ranges and What Gets You What

In 2025 the average price per square meter for a condo in central Budapest sits around €3,200. A 60 m² one‑bedroom can run €185,000‑€210,000, while a larger two‑bedroom in a newer development may push €300,000+. Prices drop to €2,200‑€2,800 per m² outside the core districts, making it possible to snag a decent size unit for under €150,000.

Don’t forget extra costs: the transfer tax (4% of the purchase price for residents, 6% for foreigners), a notary fee (around €800‑€1,200), and a real‑estate agency commission (typically 2‑3%). Factoring these in helps you set a realistic budget.

Buying as a non‑EU citizen is allowed, but you’ll need a Hungarian tax number and a local bank account to handle the transaction. Most sellers accept payments in euros, but the final deed will be recorded in Hungarian forints.

Before you sign anything, hire a local lawyer who can review the title, check for outstanding debts on the property, and ensure the building’s management fees are clear. A quick inspection can also reveal hidden issues like outdated wiring or water damage.

When you’ve found a condo you like, act fast. Good listings disappear within weeks, especially in the hot central districts. Have your financing in place, and be ready to put down a 10‑20% deposit to show you’re serious.

Whether you’re after a stylish pied‑à‑terre for short stays or a long‑term investment, Budapest’s condo market offers something for every budget. Do the homework, pick the right neighborhood, and you’ll be enjoying the city’s cafés, river walks and historic sites from your new doorstep before you know it.