Should I buy or rent a home in Budapest?

If you have not spent a lot of time in Budapest, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"Buying a home in Budapest can be a great investment, as the city is growing in popularity and the real estate market is booming. However, it is important to consider the cost of living in Budapest, as well as the cost of purchasing a home. Renting a home in Budapest can be a great option for those who are not ready to commit to buying a home, as it allows for more flexibility and can be more cost-effective in the short-term. Ultimately, the decision to buy or rent a home in Budapest should be based on individual needs and preferences," said a member in Budapest, Hungary.

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"It is not a difficult process if you are not getting a loan - that is difficult for a foreigner. But when you consider I came with next to nothing and was able to purchase - you can too. If you remodel, call me - this was the reason I began my expat assistance business - despite speaking the language that was a great challenge," remarked another expat who made the move to Budapest, Hungary.

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