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Real Estate in Debrecen, Hungary | Expat Exchange
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Real Estate in Debrecen, Hungary

By Betsy Burlingame

Last updated on Aug 26, 2024

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

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How do I find a place to live in Debrecen?

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

"Finding a place to live in Debrecen, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a single room in a shared apartment to a full house, depending on your needs and financial capacity. Next, you should research the different neighborhoods in Debrecen to find one that suits your lifestyle and preferences. Some areas might be closer to the city center, while others might be more residential and quiet. 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 Debrecen, such as Ingatlan, Alberlet, or Jofogas. These websites allow you to filter your search based on location, price, size, and other features. Another option is to hire a real estate agent who specializes in rentals in Debrecen. They can help you navigate the local market, arrange viewings, and negotiate the lease agreement. If you're moving to Debrecen for work or study, you might also want to check if your employer or university offers any housing assistance. They might have partnerships with local landlords or real estate agencies, or they might offer their own accommodations. Once you've found a place you like, make sure to visit it in person before signing any contracts. This will give you a chance to check the condition of the property, ask any questions, and get a feel for the neighborhood. Finally, when you're ready to move in, make sure to read the lease agreement carefully and understand all the terms and conditions. This includes the rent, the deposit, the length of the lease, and any other fees or rules. If everything is in order, you can sign the lease, pay the deposit and first month's rent, and start planning your move to Debrecen," explained one person living in Debrecen, Hungary.

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

"A typical expat home or apartment in Debrecen, is often located in the city center or in close proximity to the University of Debrecen, which is a popular area for expats. These homes are usually modern and well-maintained, with a blend of traditional Hungarian and contemporary design elements. They often feature spacious living areas, fully equipped kitchens, and one to three bedrooms. Some apartments may also come with a balcony or a small garden. Most expat homes are furnished, providing all the necessary amenities such as a washing machine, dishwasher, television, and internet connection. The buildings often have central heating, which is essential for the cold Hungarian winters. In terms of the neighborhood, expats usually live in areas that are close to supermarkets, restaurants, and public transportation links. Some may also choose to live in residential areas that are a bit further from the city center, offering a quieter environment and larger homes, often with private gardens. Despite being Hungary's second-largest city, Debrecen has a lower cost of living compared to Budapest, which allows expats to afford larger and more comfortable homes. The city also offers a range of recreational activities, from its famous thermal baths to its vibrant cultural scene, making it an attractive place for expats to live," remarked one member in Debrecen.

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What is the average cost of housing in Debrecen?

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

"The average cost of housing in Debrecen can vary greatly depending on the type and location of the property. For instance, the price of a one-bedroom apartment in the city center may range from $400 to $600 per month. If you're looking to buy, the average price per square meter for an apartment in the city center is approximately $2,000. However, prices can be significantly lower outside of the city center. It's also worth noting that these are average prices and actual costs may vary," remarked one foreigner who made the move to Debrecen.

Should I buy or rent a home in Debrecen?

If you have not spent a lot of time in Debrecen, 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 Debrecen, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Debrecen for a long period, buying a home could be a good investment. Owning a home allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting might be a better option if you're not planning to stay in Debrecen for a long time. Renting offers more flexibility, as you can move without the hassle of selling a property. It also allows you to avoid the costs and responsibilities that come with home ownership, such as maintenance and repairs. Financially, buying a home requires a significant upfront cost, including a down payment and closing costs. However, it could be more cost-effective in the long run if you plan to stay in the same place for many years. Renting, on the other hand, typically involves lower upfront costs, but you won't build equity or potentially benefit from rising property values. Consider your lifestyle as well. If you value stability and the ability to personalize your living space, buying a home might be the right choice for you. If you prefer flexibility and not having to worry about maintenance, renting could be a better fit. Lastly, consider the real estate market in Debrecen. Research the trends in property values and rental rates. If homes are affordable and property values are rising, it might be a good time to buy. If rental rates are low, it might be more cost-effective to rent. In conclusion, the decision to buy or rent a home in Debrecen, Hungary, should be based on your personal circumstances, financial situation, long-term plans, and the current state of the real estate market. It's a significant decision that requires careful consideration and planning," said one person in Debrecen.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat 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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