Co-investment in stylish old Budapest apartments - with stable returns and long-term potential.
Become a partner for as little as €75,000 – with secure ownership, ongoing rental income and professional management.
Why invest together?
What is almost impossible to achieve on your own becomes possible in a group: investing in centrally located, fully renovated apartments in old buildings with a modern design on a smaller budget – you benefit together from rental income, value appreciation and professional management without any effort on your part.
Access to top properties in Budapest from as little as €75,000
Your share is legally secured - in the land register or via a participation
Outstanding design and full equipment for higher rental yields
Professional management - no work with tenants, repairs or billing
Monthly income and long-term value growth
Simple resale of your share possible
In the foreground the Freedom Bridge, behind it the Corvinus University and the famous market hall (9th district)
How your investment in Budapest works -
simple, secure and fully managed
You choose from fully renovated old apartments in Budapest – each property has been developed and furnished by us and is ready to let or already let. Your share is legally secured and our team takes care of management, letting and reporting. You benefit from regular distributions and long-term value appreciation – without any effort on your part.
1. select object
All properties are located in neighborhoods with high demand from students, expats and tourists - letting is simple, stable and predictable.
2. secure participation
Your share is notarized and legally secured - either in the land register or via a participation in the property company.
3. income received
After you join, we take over the complete management. You receive quarterly rental income and regular reports
Entry from € 75,000, fully legally secured and professionally managed.
On the left the garden of the National Museum, on the right the Italian Cultural Institute, once the seat of the Hungarian Parliament.
The right location
is half the battle
We offer high-quality renovated apartments from the Wilhelminian era – historic facades and generous ceiling heights meet high-quality design. They are located in central areas of Budapest on the Pest side, for example in the Palotanegyed, in university districts or near the Danube. The apartments are divided into modern micro-apartments or shared rooms and are primarily aimed at students, young professionals and expats – target groups with stable demand and reliable rental yields. Here we present two of these neighborhoods as examples:
Palace district (8th district): Site of the first Hungarian parliament in the 19th century, National Museum, metro M4/M3, surrounded by ELTE, Semmelweis and other universities. Extensively upgraded in the last 10 years: public spaces, cafés, hotels, high-quality renovations. A large new Pazsmany University building is currently under construction, which will further develop the district and, among other things, restore the Karolyi Palace and convert it into an educational facility.
The 9th district borders the central 5th district and the Danube. It is home to important universities with international, partly German courses of study, including Semmelweis Dental Medicine and Corvinus University. There is a rich cultural scene with renowned jazz clubs and attractive residential areas, especially in the central 9th district.
Real performance -
Inflation protection for your capital
Property prices in Budapest have seen exceptionally strong growth over the last ten years. According to the Global Property Guide, real estate prices in Hungary rose by over 230 %which corresponds to an average annual increase of around 13-14 % corresponds.
Deflated by the consumer price index (CPI), this results in a real average annual real average annual increase in value of around 7-9 % for Budapest for Budapest – depending on the source and reference period.
Nevertheless, prices in the Hungarian capital remain low by European standards, which means that there is considerable potential in central and central locations. However, we assume that price momentum will flatten the higher prices rise – and assume an average scenario of 4.5% over the next few years.
Our management takes care of your "passive" income
To ensure that your investment remains truly passive, we take care of all tasks relating to the operation, letting and maintenance of the property. Our experienced team in Budapest takes care of tenants, authorities, utilities and the building community – you only receive regular reports and distributions.
Letting & tenant communication
We find reliable tenants via our own platform wg-zimmer-budapest.de, social networks and local relocation partners. All rental contracts, handovers and settlements are professionally organized - including communication with tenants.
Administration & billing
We take care of contact with the authorities, energy suppliers and property management, handle billing and take care of documentation and reporting. You receive transparent overviews of income, costs and distributions.
Maintenance & servicing
From minor repairs to regular maintenance, we coordinate all work with tried-and-tested local service providers. The aim is to maintain the value of your property and ensure the long-term satisfaction of your tenants.
How safe is the model?
While a share only has value as long as the issuing company exists (see Wirecard), we are talking here about normal real estate ownership, secured by a land register. In addition, there is a notarized agreement between the co-owners. An alternative is security via the commercial register: here you become a partner in a company that is entered in the land register as the owner.
Corporation
Private Co-Ownership Agreement
Sample calculation
Classic rental (no Airbnb)
The return on apartments rented out via Airbnb & co can be significantly higher. However, it is accompanied by a certain degree of regulatory uncertainty. No new licenses are currently being issued in Budapest (until 1.1.2027), but active licenses may continue to be used. We therefore use “normal” letting as the basis for calculation, but plan all properties in such a way that they can serve both types of use – due to their location and facilities.
Example project (with both models)
Apartment: approx. 110 m², 8th district, 3 studios at € 600 rent (tenants pay service charges)
| Position | Private model | Kft model |
| Purchase price (entire property) | 360.000 € | 360.000 € |
| Incidental acquisition costs | 17.100 € | 18.300 € |
| Total investment | 377.100 € | 378.300 € |
| Gross rent p.a. | 21.600 € | 21.600 € |
| Administration costs, tenant acquisition | 4.536 € | 4.536 € |
| Tax + accounting | 2.916 € | 5.814 € |
| Net income p.a. | approx. € 14,148 | approx. € 11,250 |
Gross return (before costs and taxes):
€ 21,600 rental income / € 377,100 investment sum
≈ 5.73 % p.a.
Net return after taxes and administration:
Private model: €14,148 / €377,100 ≈ 3.75% p.a.
Kft model: €11,250 / €378,300 ≈ 2.97% p.a.
Total return based on an
estimated performance of 4.5%
(adjusted for inflation)
Private model
5-year holding period
Purchase price (entire property) €360,000
Sales value* €448,000 // Total income €163,740
≈ 43 % // 8.7 % p.a.
10-year holding period
Sales value* € 559,000 // Total income € 250,816
≈ 67% // 6.7 % p.a.
* estimated with an increase in value per year that is 4.5% above the increase in the CPI (consumer price index). The values shown are conservative averages.
Deviations due to location, rental period and currency fluctuations are possible.
The calculation is based on actual projects in the 7th-9th districts of Budapest.
Kft model
5-year holding period
Purchase price (entire property) €360,000
Sales value* €448,000 // Total income €148,353
≈ 39 % // 7.8 % p.a.
10-year holding period
Sales value* € 559,000 // Total income € 217,590
≈ 57% // 5.7 % p.a.
* estimated with an increase in value per year that is 4.5% above the increase in the CPI (consumer price index). The values shown are conservative averages.
Deviations due to location, rental period and currency fluctuations are possible.
The calculation is based on actual projects in the 7th-9th districts of Budapest.
So if you invest €100,000 in such a project, you can expect to earn around €21,000 in rental income over five years (after deducting all costs and taxes) and an additional €25,000 in value growth (adjusted for inflation, depending on market developments).
If sold after five years, this profit is tax-free in the private model.
Current projects
Im Bau: Drei Apartments auf 106qm
Drei Airbnb Einheiten auf 59qm
Managing Director Budapest Invest
Would you like to become a partner in an attractive old apartment in Budapest with a manageable amount of money? Let us check together which model suits you best.
We can then clarify any other questions that are important to you during the appointment.
FAQ - Frequently asked questions
The value of the units is measured by the area, but also by the achievable rent. An apartment with a bay window or balcony is more attractive and generates more rent, even if another apartment in the same property has more square meters. As a rule, it is therefore fairer for everyone if the income goes into one pot and is then paid out according to the shares.
Nevertheless, an allocation can be regulated in the articles of association if the owners so wish. In this case, the purchase price would correspond to the area of the apartment and, depending on the specifics of each apartment, the price per square meter may differ from the average. In this case, the income of the apartment would then also go directly to the owner, while the expenses would be divided among all owners, unless they can be clearly allocated to an individual unit. Example: The refrigerator repair of apartment A is then borne by owner A, while the costs of the communal Internet connection are borne by all owners.
As it is not possible to mix both models, the first buyer of a share decides which model will apply to this apartment.
That depends on the co-owner model. But in any case, this issue could be resolved by means of an agreement – an imputed rent would have to be defined and offset against the distribution to ensure that the co-owners are not disadvantaged by this. The owner using the property would have to pay the service charge share.
All shareholders have a right of first refusal in the event of a sale. This also means that you are automatically informed in the event of an exit by another partner and can then decide whether to acquire the share at the market price.
A default – whether due to late payment, communication problems or death – can be mapped in both models, but requires clear rules. The risk is higher in the
Such cases are easier to regulate in the Kft model: The articles of association can, for example, allow for majority decisions, sanctions or share buybacks. Succession and exit can also be clearly structured.
Yes, both in the private model and when selling real estate through the Kft – but not when selling Kft shares (usually taxable in the home country (registration address)).
Bank loans are difficult if you are not resident in Hungary. Equity capital is usually required. Austrian banks occasionally offer options, but check them strictly.
Both a land register share (civil law model) and a company share in a Hungarian Kft are generally inheritable.
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In the civil law model, the inheritance of real estate property is governed by the rules of Hungarian civil law. In the direct line (parents → children, spouse) there is no inheritance tax in Hungary.
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In the Kft model, the company share is transferred to the heirs. This is done by notarized deed (in Hungary or in the home country) and is then entered in the Hungarian commercial register. Depending on the articles of association, the co-partners may have a right of first refusal.
Important for international investors: Whether and to what extent inheritance or gift tax is payable in your home country (e.g. Germany, Austria or other EU states) depends on whether you are still resident there for tax purposes and what type of assets (property, company shares) are inherited. Even if you are not resident in your home country, there may be a so-called limited tax liability – for example if you own real estate there.
Clarify in advance with a tax advisor what the tax implications of an inheritance are in the respective country.