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

By Betsy Burlingame

Last updated on Mar 15, 2024

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

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How do I find a place to live in Szeged?

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

"Finding a place to live in Szeged 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 Szeged to find one that suits your lifestyle and preferences. Some popular areas include the city center, the university district, and the suburbs. 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 Szeged. These include 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 Szeged. They can provide you with more personalized assistance and may have access to listings that are not advertised online. When you find a place that you're interested in, you should arrange a viewing. This will give you a chance to inspect the property and ask any questions you may have. Before signing a lease, make sure to read it carefully and understand all the terms and conditions. If you're not fluent in Hungarian, you may want to have a translator or a local friend help you with this. Finally, once you've found a place and signed the lease, you'll need to set up utilities and internet, and register your address with the local authorities. Remember, finding a place to live can take time, so it's a good idea to start your search well in advance of your move," said one expat who made the move to Szeged.

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

"A typical expat home or apartment in Szeged, is often located in the city center or in close proximity to the University of Szeged, which is a popular area for expats. These homes are usually fully furnished, featuring modern amenities such as high-speed internet, air conditioning, and a fully equipped kitchen. The apartments are often spacious, with one to three bedrooms, a living room, a bathroom, and sometimes a balcony or terrace. They are usually located in buildings that have been renovated to meet modern standards, while still retaining their original, charming architectural features. Some expat homes may also be found in suburban areas, offering more space and a quieter environment. These might include detached houses with private gardens. Regardless of the location, most expat homes in Szeged are close to public transportation, shops, restaurants, and other conveniences," explained one expat living in Szeged, Hungary.

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What is the average cost of housing in Szeged?

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

"The average cost of housing in Szeged can vary greatly depending on the location and size of the property. As of recent data, the price for an average-sized apartment in the city center may range from moderate to high, while the cost for the same size of property in the outskirts or suburban areas of Szeged is generally lower. It's important to note that these prices can fluctuate based on the real estate market conditions," said one person in Szeged.

Should I buy or rent a home in Szeged?

If you have not spent a lot of time in Szeged, 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 Szeged, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Szeged 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. On the other hand, if you're not sure about your long-term plans or if your job requires you to move frequently, renting might be a better option. 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. You'll also need to consider ongoing costs like mortgage payments, property taxes, insurance, and maintenance. Renting, on the other hand, typically involves lower upfront costs and the monthly rent may also include utilities, which can make budgeting easier. However, the local real estate market in Szeged should also be considered. If property values are rising, buying a home could be a good investment. But if the market is unstable or property values are falling, renting might be safer. In conclusion, both buying and renting have their own advantages and disadvantages. It's important to carefully consider your personal situation and financial capacity before making a decision. Consulting with a real estate professional or financial advisor could also be beneficial," said one person in Szeged.

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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