The Hungarian Guide - Investing and retiring in Hungary

  • A stunning capital with unique setting A stunning capital with unique setting
  • walking and birdwatching paradise walking and birdwatching paradise
  • undisturbed nature rich in rare species undisturbed nature rich in rare species
  • enjoy the 144 mile lakeside cycle track enjoy the 144 mile lakeside cycle track
  • Teeming with History Teeming with History
  • over 300 Thermal Health Spas and warm lakes over 300 Thermal Health Spas and warm lakes
  • picturesque lakes with Carp weighing over 100 lb picturesque lakes with Carp weighing over 100 lb
  • Feast on delicious sunripened local fruit Feast on delicious sunripened local fruit
  • Lake Balaton gets as warm as the Caribbean in the summer Lake Balaton gets as warm as the Caribbean in the summer
  • Tranquil Lake Balaton Tranquil Lake Balaton
  • Lush rolling hills of western Hungary Lush rolling hills of western Hungary
  • buy a thatched cottage for under £30 000.. buy a thatched cottage for under £30 000..
  • horsemen and nature lovers paradise horsemen and nature lovers paradise
  • Europe's second largest freshwater lake Europe's second largest freshwater lake
  • A paradise for watersport enthusiasts A paradise for watersport enthusiasts
  • Tihany peninsula- a pearl of history and nature Tihany peninsula- a pearl of history and nature

Downtown studio flat offering great returns £ 76000 / € 83600

Size of land relative to a typical football pitch

Property code: et024
Region: Budapest
Address: Budapest, Váci utca, Magyarország
Type: Flats
Floor space: 22m2
Land size: 0 acre
Bedrooms: 1
Rooms: livingroomroom with gallery(bedroom), kitchen diner, bathroom,
Utilities: mains water, mains gas, mains electricity, sewers,
Heating: gas convector,
Comments: on shopping street, very central location
Condition: very good,

Full description

We are happy to offer this fantastic investment opportunity: this studio flat lies on the ground floor of a downtown flat, right on the famous shopping VÁCI UTCA pedestrianized street in the heart of downtown Budapest. Ideal for a holiday let!
The flat was renovated 10 years ago and could benefit from redecoration but otherwise doesn’t need any major work.
Because of the ground floor location the flat is a bit dark, but the location would put it in the most desirable place among other big city holiday rentals and could offer substantial returns.
The owners took advantage of the high ceiling and built a 10 square meter gallery in the living room.
The building is renovated, clean and welcoming, it has a lift and very reasonable utility charges (5000 Huf/ month which is water, cleaning and waste disposal) and the heating and electricity charges are no more that 20 000/ month.
Excellent transport links with all three metro lines in the area and many buses too and within walking distance of many excellent restaurants, clubs, sights and shops including the famous central market hall.


Description of area

Straddling the famous Danube, Budapest is a city of contrasts – the rolling hills and greenery of Buda; and the bustling downtown of Pest. Its heritage from an often turbulent past offers lots of historical sights savour. Here we let you in on a few secrets that you might otherwise missed out on.


Heroes’ Square
otherwise known as the Millennary Monument (as it was built to celebrate the first 1000 years of Hungary), this square holds statues of the most important kings and governors in the country’s history, flanked by two art museums – fine art to the left, modern to the right. This is the best place to start a guided tour: you get the history first, and there are plenty of other things to see in the City Park:

City Park
home to the Széchenyi Baths, the Vajdahunyad Castle, a thermal lake, a beautifulice-rink in the winter, an amusement park with an ancient rollercoaster, a weekend flea market, two art and a transport museums and the zoo, this is more than just a park – although there is still plenty of grass to play Frisbee on!

Terror Museum
right in the heart of town the former Communist secret police HQ is now a memorial museum for all its victims of terror, plus a few rooms dedicated to those who suffered under Nazism.

Opera House
decorated by hundreds of statues, this is one of Hungary’s most important pieces of architecture. Lovingly restored in the 1980′s, the resident companies boast a repertoire of almost 90 operas – more than any other in the world. Take a guided tour to see this gorgeous building: there are two a day at 3 and at 4 pm, very nice knowledgeable guides.  But for the ultimate experience visit the opera: traditional operas and ballet almost every night and you can get tickets for less than 5€ sometimes.

St Stephen’s Basilica
ever seen a mummified hand? Well, now you can – it belonged to St Stephen, Hungary’s first king, and is thus the country’s holiest relic. Be careful not to slide on the perfectly smooth marble floors as you gaze upwards at the mosaics, and then take the lift to the cupola for one of the best views in town. This is the 3rd biggest church in Hungary and the biggest in Budapest, there are services every day so access might be limited. The legendary Ferenc Puskás is buried in the crypt.

Visitors from England are forgiven for a severe case of déjá-vu – architect Imre Steindl was a fan of London’s Houses of Parliament. Built solely of Hungarian materials by local workers, it is the most expensive building ever built in Hungary (in real terms) and houses the Royal crown and regalia. Free entrance for EU members, guided tours several times a day; it is advisable to book in advance.


the second biggest in the world with a Byzantine-Moorish design and the graves of 2,281 local Jews who died in the next-door ghetto in the winter of 1944. Visit the Jewish Museum or listen to the frequent classical or Klezmer concerts.

Chain Bridge
the first permanent bridge over the Danube in Budapest, designed by William Clark and built by (the unrelated) fellow Brit Adam Clark with British iron. Check out the lions on either end – can you see their tongues? The story goes that the architect was so please with his work that he promised to jump in the river if anybody found a fault: a little boy said that the lions have no tongues…

Margaret Island 
a lovely car free park filled with flowers, history, swimming pools and a  tiny zoo, excellent for jogging and pick-nicks.

Buda Side

Castle District
walking around the medieval streets of this palatial area majestically overlooking the Danube and downtown, you’ll find it hard to believe that it has been smashed up and rebuilt 86 times over the past seven centuries. A gorgeous mix of Gothic and Baroque buildings including the Palace and the Mátyás Church, there is a system of caves underneath which housed the citizens during the battle between the Wehrmacht and the Red Army in 1945. There are lots of museums in the Castle district; including the National Gallery and the Budapest History Museum in the Royal Palace itself.

Fisherman’s Bastion
just outside the Castle District, its seven turrets symbolise the seven Magyar tribes who captured the region – but you might be too busy enjoying the view of Pest to notice…

Gellért Hill
worth climbing up there to enjoy the glorious view of the city and also to visit the Citadella 
the Hapsburg fortress, which the Austrians built when they suppressed the 1848-9 revolution, or the Liberation monument.

Cave Chapel
in the Gellért Hill at the Szabadság Bridge you find the grotto still serving as a Catholic church for the Pauline order of monks and the site where Cardinal József Mindszenty was arrested in 1947.

Out of the city centre and a bit further:

Buda Hills
just a short trip by bus takes you up to the gorgeous hills overlooking the city. Try out the Children’s Railway (run by schoolkids, although they don’t actually drive the trains!) then walk along to the chairlift and ride back down in style, barely five metres above the back gardens of the locals.

In the neighbourhood

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