Budapest Neighbourhoods and Real Estate

If you are looking into Budapest real estate, the city has plenty to offer, both in Buda and Pest. Budapest neighborhoods to check include Víziváros (Watertown), Várnegyed (Castle District), Józsefváros (Joseph Town), Erzsébetváros (Elizabeth Town), and many others.

Víziváros is a narrow, long neighborhood situated between the Danube and the Castle District. Instead of roads, the neighborhood has stairs and narrow alleys, and it is a high-rent area for tourists and residents. In this neighborhood, you can get a 4-bedroom, 3-bathroom apartment with an area of 265 sq. meters for around €595,000. For this price, you can expect to buy an apartment with a living room, a garage, and a terrace. Those who are looking into Budapest rentals can find a penthouse of 190 sq. meters, with 2 bedrooms, a spacious living room, an American style kitchen, and two bathrooms. For €2,200 to $3,500 a month, you will get an apartment with spacious, light rooms, high ceilings, special interior design, and parking spaces for rent.

Another neighborhood to look for Budapest properties for sale is Elizabeth Town, which is the historic Jewish quarter in Pest. This neighborhood is considered among the up-and-coming areas to settle or invest in. In this area, you can find plenty of offers to choose from. A 1-bedroom, 1-bathroom loft costs around €54,700, and it is well connected through subway, tram, and bus. A 1-bedroom flat in this area, found in a nice classical building, costs €133,000.

Rózsadomb or Rose Hills is closest to the central part of Buda, and one of the city’s most luxurious and fashionable neighborhoods to live in. Here, you can find a fully renovated apartment of 93 sq. meters for around €204,000, consisting of a dining room, a living room with a kitchen, a spacious bedroom and a smaller bedroom, a big terrace, and 2 bathrooms. You can also buy a garage for €16,000. If you prefer to buy a villa, you can get a property of 150 sq. meters, located in a building in neoclassic style, in the central part of Buda. This will cost you around €540,000, and you will get a living room of 48 sq. meters, 2 bathrooms with walls and floors of granite, 3 spacious bedrooms, and a large balcony overlooking the Danube. You can expect the building to be equipped with air conditioning and an alarm system as well as with an automatic system for the garden. If you prefer to buy a more spacious house in this neighborhood, you can opt for a house of 540 sq. meters, consisting of 3 terraces, 2 kitchens, 5 bathrooms, and 7 rooms. The property is suitable for representative offices, an embassy building, or for large families, and the asking price is around €1,350,000. Those who are looking for something less expensive can buy a house of 360 sq. meters for just €390,000. For this price, the buyer will get a three-level detached house in Rózsadomb, with a double garage and a good size garden. The house consists of 9 rooms, 3 kitchens, 3 bathrooms, and a living room.

District III or Obuda is mostly residential at present, but most properties have been privatized, and there is a large number of Budapest hotels found here. If you want to settle in this area, you can buy a house of 165 sq. meters for around €280,000. For this price, you can expect a house of 2 bathrooms, a study, 4 bedrooms, and a garage. Alternatively, you can get an apartment of 54 sq. meters, with 1.5 rooms, a bathroom, and a garden for around €80,900.