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Real Estate in Balatonfured, Hungary | Digital Nomad Exchange
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Real Estate in Balatonfured, Hungary

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By Betsy Burlingame

Last updated on Jan 13, 2024

Summary: The average cost of a nice 2 bedroom home in Balatonfured, Hungary is around $100,000 USD. A nice 3 bedroom home in Balatonfured is around $150,000 USD. These properties typically include modern amenities such as central heating, air conditioning, and updated appliances. There are no restrictions on foreign ownership for properties in Balatonfured. An expat should search for a home to buy in Balatonfured by researching the local real estate market, visiting the area, and speaking with local real estate agents. The most desirable neighborhoods in Balatonfured are those close to the lake, with easy access to amenities such as restaurants, shops, and parks.

How do I find a place to live in Balatonfured?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"To find a place to live in Balatonfüred, Hungary, you can start by searching online on popular real estate websites such as ingatlan.com, otthonterkep.hu, and lakasok.hu. These websites offer listings of apartments, houses, and other types of accommodations available for rent or purchase in Balatonfüred. Another option is to visit local real estate agencies in Balatonfüred, such as Duna House or Otthon Centrum. These agencies can provide you with personalized assistance in finding a suitable place to live based on your preferences and budget. You can also join local Facebook groups or online forums dedicated to Balatonfüred, where locals and expats often share information about available accommodations and rental opportunities. Additionally, consider reaching out to your personal network, such as friends, family, or colleagues who may have connections in Balatonfüred. They might be able to provide you with recommendations or leads on available housing options. Lastly, if you are planning a short-term stay, you can explore vacation rental websites like Airbnb or Booking.com, which offer a variety of accommodations in Balatonfüred, ranging from private rooms to entire homes," remarked one foreigner who made the move to Balatonfured.

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What is a typical expat home or apartment like in Balatonfured?

"A typical expat home or apartment in Balatonfured, is likely to be a spacious, well-furnished property with modern amenities. These homes are often located in residential areas or near the lake, offering beautiful views and easy access to local attractions. The apartments may feature multiple bedrooms, a fully-equipped kitchen, a comfortable living area, and a balcony or terrace for outdoor relaxation. Some expat homes might also have access to shared facilities like a swimming pool, garden, or parking space. The properties are usually well-maintained and offer a comfortable living environment for expats looking to enjoy the picturesque surroundings and laid-back lifestyle of Balatonfured," said one expat in Balatonfured.

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What is the average cost of housing in Balatonfured?

If you are thinking about moving to Balatonfured, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Balatonfured, can vary depending on the type of property and its location. Generally, the prices for apartments and houses in this area are relatively affordable. For instance, you can expect to pay around €1,000 to €1,500 per square meter for an apartment, while houses can range from €100,000 to €300,000 depending on the size and location. However, it is essential to note that these are just average figures, and actual prices may differ based on various factors," remarked one foreigner who made the move to Balatonfured.

Should I buy or rent a home in Balatonfured?

If you have not spent a lot of time in Balatonfured, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Balatonfured, depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in the area for an extended period and have the financial means to purchase a property, buying a home could be a good investment, as it allows you to build equity and potentially benefit from any increase in property value over time. Additionally, owning a home provides stability and the freedom to make changes to the property as you see fit. On the other hand, if you are unsure about your long-term plans or prefer the flexibility of being able to move easily, renting may be a better option. Renting a home in Balatonfured allows you to avoid the upfront costs and long-term commitment associated with buying a property. It also provides the opportunity to test out the area and lifestyle before making a more permanent decision. Ultimately, the choice between buying and renting a home in Balatonfured depends on your individual needs, preferences, and financial situation. It is essential to carefully consider your options and consult with a local real estate expert to make the best decision for your circumstances," explained one expat living in Balatonfured, Hungary.

What do I need to know when buying property in Balatonfured?

When we asked expats what advice they would give a foreigner before buying a property in Balatonfured, they said:

"1. Research the local real estate market: Familiarize yourself with the property prices, types of properties available, and the most desirable areas in Balatonfured. 2. Hire a local real estate agent: A local agent will have knowledge of the area and can help you find the right property based on your preferences and budget. 3. Legal requirements: Foreigners are allowed to buy property in Hungary, but you may need to obtain a permit from the local authorities before purchasing. 4. Property inspection: Before buying a property, it is essential to have it inspected by a professional to ensure there are no hidden issues or damages. 5. Negotiate the price: Be prepared to negotiate the price of the property with the seller, as it is common practice in Hungary. 6. Obtain a mortgage: If you need financing, research the mortgage options available to foreigners in Hungary and choose the one that best suits your needs. 7. Hire a lawyer: A local lawyer can help you navigate the legal process of buying property in Hungary and ensure all necessary paperwork is completed correctly. 8. Taxes and fees: Be aware of the taxes and fees associated with buying property in Balatonfured, such as stamp duty, registration fees, and legal fees. 9. Property management: If you plan to rent out your property, consider hiring a property management company to handle the day-to-day tasks and maintenance. 10. Learn the language and culture: Familiarize yourself with the Hungarian language and culture to better understand the local customs and make your transition to living in Balatonfured smoother," said one foreigner living in Balatonfured, Hungary.

Are foreigners allowed to own property in Balatonfured?

When we asked expats what advice they would give a foreigner before buying a property in Balatonfured, they said...

"Yes, foreigners are allowed to own property in Balatonfured. However, they need to obtain a permit from the local authorities before purchasing the property. This process can take a few months, and the permit is granted based on the buyer's background and the purpose of the property purchase. Once the permit is obtained, foreigners can buy and own property in Balatonfured just like Hungarian citizens. It is advisable to consult a local real estate agent or lawyer to help navigate the process and ensure compliance with all legal requirements," explained one expat in Balatonfured.

What appliances are typically included in a rental?

We asked foreigners in Balatonfured what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In a rental property in Balatonfured, you can typically expect to find essential appliances such as a refrigerator, stove, oven, and washing machine. Some properties may also include a dishwasher, microwave, and small kitchen appliances like a coffee maker or toaster. Additionally, properties with heating and cooling systems may have air conditioning units or radiators. However, it is essential to check the specific rental listing or consult with the landlord to confirm the appliances included in the property," said one in Balatonfured.

Additional Information about Searching for a Home in Balatonfured:

We asked foreigners in Balatonfured what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats searching for homes in Balatonfured may begin by browsing online real estate websites and local classifieds to find available properties. They might also join local expat forums and social media groups to seek advice and recommendations from fellow expats who have experience living in the area. Additionally, they can contact local real estate agents who are familiar with the Balatonfured housing market and can help them find a suitable home. Visiting the area in person and exploring different neighborhoods can also be helpful in finding the perfect home. Networking with locals and other expats can lead to discovering rental opportunities that may not be advertised online," explained one person living in Balatonfured, Hungary.

About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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