Should I buy or rent a home in Hungary?
If you have not spent a lot of time in Hungary, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Hungary can be a great investment, as the country has a strong economy and a growing real estate market. However, it is important to consider the costs associated with buying a home, such as closing costs, taxes, and maintenance fees. Renting a home in Hungary can be a more cost-effective option, as it allows you to avoid the upfront costs associated with buying a home. Additionally, renting a home can provide more flexibility, as you can move to a different location more easily than if you owned a home. Ultimately, the decision to buy or rent a home in Hungary should be based on your individual needs and financial situation," said a member in Hungary.
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William RussellWilliam Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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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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Other Questions:
- What should I pack when moving to Hungary?
- Where should I setup a bank account in Hungary?
- Will I be able to find a job in Hungary?
- What is life like in Hungary?
- What do expats in Hungary appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Hungary?
- Is there a lot of diversity? Are people in Hungary accepting of differences?
- What are the schools in Hungary like?
- What are healthcare services like in Hungary?
- What are medical services in Hungary like?
- Are healthcare and health insurance expensive in Hungary?
- What are emergency services like in Hungary?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Hungary?
- How are local medical facilities in Hungary?
- As a foreigner living in Hungary, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Hungary?
If you live in Hungary, newcomers to Hungary would love to hear your answer to this question.
About the Author
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.
