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

By Betsy Burlingame

Last updated on Mar 07, 2024

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

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How do I find a place to live in Eger?

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

"Finding a place to live in Eger involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a larger family home. Next, you should research the different neighborhoods in Eger 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 or properties for sale in Eger, such as ingatlan.com, or otthonterkep.hu. These websites allow you to filter your search based on your preferences and view photos of the properties. Another option is to hire a real estate agent who is familiar with the Eger market. They can help you find properties that match your criteria, arrange viewings, and guide you through the process of renting or buying a home. If you're planning to move to Eger from another country, it might be helpful to connect with expat communities online. They can provide valuable advice and insights about living in Eger, and might even be able to recommend specific properties or landlords. Once you've found a potential home, make sure to visit the property in person before making a decision. This will give you a chance to check the condition of the home, the neighborhood, and potentially meet the landlord or seller. Finally, once you've chosen a place, you'll need to negotiate the terms of the lease or sale, sign the necessary paperwork, and arrange for the move. If you're not fluent in Hungarian, you might want to hire a translator or a lawyer to help you understand the contract and ensure your interests are protected," explained one person living in Eger, Hungary.

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Eger?

"A typical expat home or apartment in Eger, is often located in the city center or in the residential areas surrounding it. These homes are usually within walking distance to local amenities such as shops, restaurants, and public transportation. The apartments are often housed in charming, historic buildings that have been renovated to include modern conveniences. They typically feature one to three bedrooms, a living room, a kitchen, and one or two bathrooms. Some apartments may also have a balcony or a small garden. The interiors are usually well-maintained, with a mix of traditional and contemporary furnishings. The kitchen is typically equipped with essential appliances, and the living area often has a comfortable seating arrangement and a television. Some expat homes may also have a dedicated workspace, considering the increasing trend of remote work. Despite being in a historic city, these homes usually have reliable internet connectivity. The homes are often well-insulated and have central heating to cope with the cold Hungarian winters," said one expat who made the move to Eger.

SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

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Click connect to have our partner contact you via e-mail and/or phone.

SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

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What is the average cost of housing in Eger?

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

"The average cost of housing in Eger can vary greatly depending on the type and size of the property. For instance, the price of a one-bedroom apartment in the city center may be around 150,000 Hungarian Forint per month for rent, while a similar apartment outside the city center may cost slightly less. If you're looking to buy property, the average price per square meter in the city center can be around 400,000 Hungarian Forint, and slightly less outside of the city center. However, these prices can fluctuate based on market conditions and other factors," explained one person living in Eger, Hungary.

Should I buy or rent a home in Eger?

If you have not spent a lot of time in Eger, 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 Eger, depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Eger for an extended period and have the financial means to purchase a property, buying a home can be a good investment. Owning a home allows you to build equity, customize your living space, and potentially benefit from the appreciation of property values over time. On the other hand, if you are unsure about your long-term plans or prefer flexibility, renting a home may be a better option. Renting allows you to move more easily if your circumstances change, and it typically requires less upfront capital than purchasing a home. Additionally, renting a home means you are not responsible for property taxes, maintenance, and repairs, which can save you time and money. Ultimately, the decision to buy or rent a home in Eger, Hungary, should be based on your individual needs, financial situation, and future plans. It is essential to carefully consider your options and consult with a local real estate expert to make the best decision for your situation," remarked one foreigner who made the move to Eger.

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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