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

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By Betsy Burlingame

Last updated on Nov 02, 2024

Summary: People living in Pecs, Hungary offer advice about real estate. How do you find a home in Pecs? Should you buy or rent? What is the cost of housing?

How do I find a place to live in Pecs?

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

"Finding a place to live in Pecs, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a shared apartment to a private house. Next, you should research the different neighborhoods in Pecs to find one that suits your lifestyle and preferences. Some popular areas include the city center, Tettye, and the University area. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals in Pecs, such as Ingatlan, Alberlet, and Jofogas. These websites allow you to filter your search based on location, price, size, and other features. In addition to online listings, you can also contact real estate agencies in Pecs. They can provide you with professional assistance and access to listings that may not be available online. Some well-known agencies include Duna House and Otthon Centrum. If you're moving to Pecs for study, you might also want to check with the University of Pecs. They often provide assistance to students in finding accommodation and may have partnerships with local landlords or housing agencies. Once you've found a place that you're interested in, arrange a viewing. This will give you a chance to inspect the property and ask any questions you might have. Finally, if you're satisfied with the property, you can proceed to sign a rental agreement. Make sure to read the contract carefully and understand all the terms and conditions before signing. It's also a good idea to ask for a copy of the contract in English if you're not fluent in Hungarian. Remember, finding a place to live can take time, so it's best to start your search well in advance of your move," explained one person living in Pecs, Hungary.

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Pecs?

"Expat homes or apartments in Pecs, are typically spacious and well-furnished, often featuring a blend of modern and traditional Hungarian design elements. They usually have one to three bedrooms, a living room, a fully equipped kitchen, and one or more bathrooms. Many apartments are located in renovated historical buildings, adding a unique charm and character to the living space. Most expat homes are situated in the city center or in the more upscale residential areas, offering easy access to local amenities such as shops, restaurants, and public transportation. Some apartments may also come with additional features like a balcony or terrace, offering beautiful views of the city or the surrounding countryside. Despite being in a city, many homes in Pecs are surrounded by green spaces, providing a peaceful and serene living environment. Some expats may also choose to live in houses with private gardens, especially if they have families. In terms of interior decor, it's common to find a mix of contemporary and classic styles. Hardwood floors, high ceilings, and large windows are common features, providing a bright and airy feel. The homes are usually equipped with modern appliances and fixtures, including heating systems for the cold Hungarian winters. Overall, expat homes in Pecs offer a comfortable and convenient living experience, blending the city's rich history and culture with modern comforts and conveniences," remarked one foreigner who made the move to Pecs.

SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

What is the average cost of housing in Pecs?

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

"The average cost of housing in Pecs can vary greatly depending on the location and size of the property. For instance, the price of a one-bedroom apartment in the city center may range from low to mid hundreds in Euros per month. If you're looking to buy, the average price per square meter for an apartment in the city center can be in the low thousands in Euros. However, these prices can be significantly lower if you're looking outside of the city center. It's also worth noting that these are average prices and actual costs can be higher or lower," said one expat in Pecs.

Should I buy or rent a home in Pecs?

If you have not spent a lot of time in Pecs, 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 Pecs, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Pecs for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide financial stability in the future. However, buying a home also comes with additional costs such as maintenance, insurance, and property taxes. It also requires a significant upfront investment for the down payment and closing costs. Therefore, if you're not ready for these financial commitments, renting might be a better option. Renting a home in Pecs offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it doesn't require a large upfront investment. However, when you rent, your monthly payments do not contribute to building equity. You also have less control over your living space, as you cannot make significant changes without the landlord's permission. In conclusion, both buying and renting a home in Pecs have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and future plans before making a decision. Consulting with a real estate professional or financial advisor could also be beneficial," said one expat in Pecs.

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.

SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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Learn More

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Learn More

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