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Real Estate in Balaton Lake Region, Hungary | Expat Exchange
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Real Estate in Balaton Lake Region, Hungary

By Betsy Burlingame

Last updated on Jul 01, 2024

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

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How do I find a place to live in Balaton Lake Region?

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

"Finding a place to live in the Balaton Lake Region of Hungary 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 large house, depending on your needs and financial situation. Next, you should research the different towns and villages around Lake Balaton to decide which area suits you best. Some popular places include Balatonfüred, Keszthely, and Siófok. Consider factors such as local amenities, proximity to the lake, and the general atmosphere of the community. Once you've narrowed down your location, you can start searching for available properties. There are several online real estate portals that list properties for rent or sale in Hungary, such as ingatlan.com and otthonterkep.hu. These websites allow you to filter results based on location, price, property type, and other criteria. You can also consider hiring a local real estate agent to assist you in your search. They can provide valuable insight into the local market, help negotiate prices, and guide you through the legal process of renting or buying property in Hungary. When you find a property you're interested in, arrange a viewing with the landlord or real estate agent. This will give you a chance to inspect the property and ask any questions you may have. Finally, once you've found your ideal home, you'll need to sign a lease or purchase agreement. Make sure to read the contract carefully and understand all the terms before signing. If you're not fluent in Hungarian, it may be helpful to have a translator or lawyer review the contract. Remember, moving to a new country can be a complex process, so it's important to do thorough research and seek professional advice if needed," said one expat who made the move to Balaton Lake Region.

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What is a typical expat home or apartment like in Balaton Lake Region?

"A typical expat home in the Balaton Lake Region of Hungary is often a charming, spacious villa or cottage, nestled amidst the natural beauty of the area. These homes usually have a rustic, traditional Hungarian design, but with modern amenities for comfort and convenience. They often feature large living areas, multiple bedrooms and bathrooms, a fully equipped kitchen, and sometimes even a private garden or terrace. Many of these homes offer stunning views of Lake Balaton, the largest lake in Central Europe, and are located close to local attractions such as vineyards, thermal spas, and hiking trails. Some expat homes may also have a swimming pool, sauna, or barbecue area, perfect for entertaining guests or enjoying a relaxing day at home. Despite their luxurious features, these homes often blend seamlessly with the local architecture and landscape, offering expats a unique blend of comfort and cultural immersion. They are usually located in quiet, residential areas, but are still within easy reach of local shops, restaurants, and other amenities. Inside, the homes are typically furnished in a cozy, homely style, with a mix of modern and traditional Hungarian decor. They often feature large windows to let in plenty of natural light and offer beautiful views of the surrounding countryside. In terms of utilities, most expat homes in the Balaton Lake Region are equipped with central heating, air conditioning, high-speed internet, and satellite TV. Some may also have a fireplace, perfect for cozy winter evenings. Overall, a typical expat home in the Balaton Lake Region offers a comfortable, luxurious living experience, combined with the opportunity to enjoy the natural beauty and cultural richness of this unique part of Hungary," remarked one member in Balaton Lake Region.

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What is the average cost of housing in Balaton Lake Region?

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

"The average cost of housing in the Balaton Lake Region of Hungary can vary greatly depending on the exact location and type of property. For instance, in popular tourist areas or closer to the lake, prices can be significantly higher. As of now, it's possible to find houses for sale ranging from affordable to more luxurious prices. However, for a more accurate estimate, it would be best to consult a local real estate agent or conduct a detailed search online," explained one person living in Balaton Lake Region, Hungary.

Should I buy or rent a home in Balaton Lake Region?

If you have not spent a lot of time in Balaton Lake Region, 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 the Balaton Lake Region of Hungary depends on several factors. If you plan to stay in the area for a long time, buying a home could be a good investment. The region is popular for its beautiful landscapes and recreational activities, which could increase the property's value over time. On the other hand, if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership, renting might be a better option. Renting can offer more flexibility, as you can move more easily if your circumstances change. It's also important to consider your financial situation. Buying a home requires a significant upfront cost and ongoing expenses for maintenance and repairs. Renting, while also a regular expense, doesn't come with the same level of financial commitment. Lastly, consider the current housing market in the Balaton Lake Region. If it's a seller's market with high property prices, it might be more cost-effective to rent until the market cools down. Conversely, if it's a buyer's market, it could be a great time to invest in a property. In conclusion, the decision to buy or rent a home in the Balaton Lake Region depends on your personal circumstances, financial situation, and the current housing market. It's recommended to consult with a real estate professional in the area to help guide your decision," said one person in Balaton Lake Region.

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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