Under construction:
Three student apartments
near the university, at top level
Single apartments are particularly popular with students from Germany, especially medical students. We have already launched several apartments on the market, which are successfully rented out all year round and generate solid income. The key to success is location, quality and design.
Planned completion: 03/2026
We are building three separate apartments, each with its own entrance, on the floor plan of a 106 sqm apartment in an old building. This will create three separately rentable units that will be fully equipped. This means not only the furniture and the tailor-made kitchen with all appliances, but also all crockery and bedding, similar to a vacation apartment.
Here you can see how we implement something like this, using a recently completed project as an example:
Floor plan and layout
The apartments each have a double bed, wardrobes, workspace, a complete kitchen with dishwasher, washing machine, stove, etc. and a bathroom with walk-in shower. The first apartment, which faces the inner courtyard, has 23 square meters. The other two apartments face a side street and, at 46 and 37 square meters respectively, have considerably more space and use it for an additional (sofa) bed and a separate area that serves as a kitchen + dining room.
Current references:
Student apartments (with Airbnb option)
József Körút 23
Two apartments on 66 sqm
This apartment on Josef Boulevard in a magnificent building was divided into two apartments by us. Tailor-made kitchens, high-quality furnishings, air conditioning.
Nepszinhaz 16
Three apartments on 106 sqm
We have divided this apartment into three apartments. Tailor-made kitchens, high-quality furnishings, air conditioning. The video is aimed at future tenants.
Sip utca 5
Two apartments with shared kitchen
Due to the small floor area of 54 square meters, we decided to plan a shared kitchen here, while each apartment otherwise remains independent (each with its own bathroom).
In the foreground the Freedom Bridge, behind it the Corvinus University and the famous market hall (9th district)
Location: Volkstheaterstraße 27 (8th district)
The apartment is located on the third floor (with elevator) of an Art Nouveau building at Népszínház utca 27, just a few steps away from the entrance of Metro 4, but also Blaha Luijza Square with Metro 2, suburban trains and numerous bus lines is only a few meters away.
This video describes the situation in the district, starting from the central traffic junction Blaha Luijza Square along Nepszinhaz to Pal Papa Square, and explains some interesting details about the development and prospects of the district.
Forecast of rental income in 2026
These are estimated rental incomes based on our current prices of comparable apartments in the area on our platform wg-zimmer-budapest.de. These are cold rents, i.e. the additional costs are borne by the tenant.
| Apartment | Monthly rent (NKM in €) | Annual rent (NKM in €) |
|---|---|---|
| A (23 m²) | 540 | 6.480 |
| B (46 m²) | 800 | 9.600 |
| C (37 m²) | 650 | 7.800 |
| Total | 1.990 | 23.880 |
The building with the turret is Népszinhaz 27
Purchase prices: Individually or as a package
The property can be purchased individually or in the form of a partnership, where the buyers are entered in the land register with their respective share of the area and the partnership is regulated in detail by a separate contract drawn up by a notary (purchase, sale, division of joint costs). You can find out more about the concept of co-investing here.
Unit 1:
Floor space: 23 sqm
Purchase price 125.000
Net cold rent per year approx:
EUR 6,480
Yield approx: 5.2%
Unit 2:
Floor space: 46 sqm
Purchase price € 185,000
Net cold rent per year approx:
EUR 9,600
Yield approx: 5.2%
SOLD
Unit 3:
Floor space: 37 sqm
Purchase price € 152,800
Net cold rent per year approx:
EUR 7,800
Yield approx: 5.1%
Purchase of the apartment with all three units
Floor area: 106 sqm (divided into 3 apartments)
Purchase price: € 453,000
(instead of € 462,800 for individual purchase)
Rental income (NKM) p.a.: EUR 23,880
Yield: approx. 5.27 %
or structuring them as part of a partnership model.
Yield analysis: total income
from rent and sales (5 and 10 years)
This sample calculation shows the total return an investor can achieve if he buys the 3-apartment package for 453,000 € purchase price purchase price.
The calculation takes into account:
5 % incidental purchase costs (1 % notary + 4 % land transfer tax)
Annual rent increase of 3 %
Increase in value of the property of 4.5 % per year
tax-free sale (after 5 or 10 years)
Determination of the absolute earnings and the annual return
| Period | Total rental income (€) | Sales proceeds (€) | Total income (€) | Total return | Yield p.a. |
|---|---|---|---|---|---|
| 5 years | 126.782 € | 564.520 | 691.303 | +45,3 % | 7,76% |
| 10 years | 273.757 € | 703.495 | 977.253 | +105,5% | 7,47% |
This model calculation is based on ‘normal’ letting – therefore no seasonal fluctuations.
With an annual total return of 7.5-7.8%, the investment is in a very attractive range for fully refurbished city center properties.
As the property consists of three separate apartments, the investor can later:
- Sell individual units
- Reallocate income
- divide the property or transfer it into a partnership
This significantly increases exit flexibility.
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.
Managing Director Budapest Invest
Do you have any questions and would like to find out more, perhaps even visit us in person when you are in Budapest? Simply book an appointment for a video call here: