Luxury houses for sale in Budapest: the most important aspects of buying real estate

Although recently more and more people are saying that they are leaving the capital and moving to the countryside, despite this - or perhaps because of this - Budapest is becoming an increasingly popular city for those who prefer an exclusive and luxurious lifestyle.

However, luxury houses for sale in Budapest can be available in many shapes and sizes, so it is worth doing a little research and seeking professional help before committing to a particular property.

Here are some tips that can help you successfully search for luxury houses for sale in Budapest:

The right place

Luxury houses can be found in many prime locations in Budapest. II., III. and the XII. district, the family houses located in the Buda Hills, for example, are very popular for those who want to get away from the noise of the city and enjoy the proximity of nature, but still want to reach the major hubs of the capital relatively quickly and easily.

In addition, there are a number of other aspects to consider regarding the location:

• If we are moving with children, is it necessary to have a school, kindergarten or different educational institutions nearby?
• What is the area's transport and infrastructure like? Are there shopping facilities or a pharmacy in the area?
• Is the location suitable for us to rent the property, if this is the purpose of the property purchase?
• Is there a chance that they will start construction in the neighboring areas, which, in addition to being disruptive, could even take away the property's panorama?
• Is the neighborhood where we want to move safe?
• What are the neighbors like, what is the local community like?

A prepared real estate expert can answer these questions in full.

Condition of the property

In addition to the location of the property, the condition of the property will have the greatest influence on our decision. There is nothing wrong with buying a property knowing that it is in a bad condition, but if you find out about the mistakes after the sale, it can lead to a lot of headaches and unexpected extra costs.

Let's see what aspects we have to take into account regarding the condition of the property:

• It is important to view the property during the day, i.e. in light.
• Let's check whether the heating system and the electricity and water pipes are in good condition.
• Inquire about the age of the doors and windows.
• Let's take a close look to see if wetting occurs.

If we are not sure about our work, it is worth calling in a technical expert for help. An experienced, prepared real estate expert can help us with this as well.

The price of the property

In Budapest, real estate prices also vary widely between districts. If you are looking for a family house, you can essentially consider almost the complete Buda side and the outer districts of the Pest side. However, if we prefer the premium, luxury category, in that case only the Buda site, including I ., the II., the III., the XI. and the XII. district will be the most suitable for us.

The Budapest real estate market has experienced the biggest changes mainly in recent years. Real estate prices continued to rise, and sellers and landlords could expect ever-greater profits. However, the real estate market was also affected by the pandemic, and prices fell a bit. However, this decline was short-lived and the market soon recovered to previous levels.

In the current situation, the real estate market is a challenge for both sellers, buyers and tenants. Prices are constantly rising, and it is increasingly difficult to find the right property for us.

Why do you need a real estate agency?

Real estate agencies offer many different properties for sale in Budapest and can help you with the property selection and purchase process.

If you are looking for luxury houses for sale in Budapest, you should keep the aforementioned tips in mind. It is also important to choose a real estate agency that has the necessary experience and expertise in the real estate market.

Flott Invest has several decades of experience in the distribution and rental of luxury properties in Budapest. Thanks to our international team and our carefully selected real estate portfolio, we can offer truly special properties to our clients. Our goal is to find the perfect home or the ideal investment opportunity for our customers, without compromise.