
Making of: Two apartments for students on 66 square meters
An old apartment becomes two high-quality apartments – a look behind the scenes of a current project
The blog about investment opportunities in Budapest. Market data, stories from the city, exciting developments and examples from our portfolio that we have already realized.

An old apartment becomes two high-quality apartments – a look behind the scenes of a current project

Renovating an old apartment in Budapest – some people do this as a fix and flip and can increase their capital in a short time, but in this case the aim was to rent out AirBnb. The yield is very high and it is worth waiting to see how prices develop in the future.

Unlike Germany, Hungary does not levy inheritance or gift tax on direct relatives – an interesting advantage for German investors who wish to pass on Hungarian real estate assets within the family. But be careful: if you are resident in Germany for tax purposes, your global assets are subject to German inheritance tax.

The idea sounds simple: a 100 m² apartment becomes two independent 50 m² units – each with its own entrance, kitchen, bathroom and its own entry in the land register. This is structurally feasible. Legally, however, it is a real “mission impossible”. The plan – and the reality Anyone who

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 recent years, Budapest has developed into one of the most attractive university locations in Central and Eastern Europe. The Hungarian capital offers a mixture of first-class universities, a comparatively low cost of living and a high cultural standard of living. Budapest is a particularly popular destination for international students – and the trend is rising. However, as the number of students increases, so do the challenges, particularly on the housing market. The acute shortage of suitable student housing opens up a striking opportunity for private investors.

Budapest remains a magnet for international tourists and continues to develop dynamically in 2025. In 2024, the city already experienced a 24% increase in foreign tourists, who account for 87% of the 14.7 million overnight stays in the capital. The city and the government are reacting to this development in contradictory ways: with the opening of new hotels, the city’s supply is growing, while at the same time new regulation of short-term rentals is likely to lead to a shortage of private Airbnb accommodation.

Letting to students is a solid economic mainstay for property owners in Budapest due to the high number of international students. The achievable rent of 15 to 20 euros per square metre is relatively high compared to the purchase price and many risks of long-term letting can be eliminated or

In September, Budapest’s Terézváros district, also known as the 6th district, decided in a referendum to ban Airbnb and other short-term rentals. A majority of 450 votes will now decide on a bold experiment with an uncertain outcome. The decision, which was narrowly carried by 54% (20% of the 35,000

The prices per square meter in Budapest are still far behind those of other European capitals. And although Prague is quite similar to the Hungarian capital in terms of population and geographical location, prices there have risen considerably in recent years – near the city center, prices there even seem