Pursuits
Investors Reap 20% on Budapest Rentals as Tourism Grows
The 13th district attracts a cafe culture to the feet of Bauhaus buildings by the Danube. Photographer: Akos Stiller/Bloomberg
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Call it the Budapest Spring for real estate investors.
Years after housing prices in most European capitals rebounded from the financial crisis, Budapest’s market is finally showing signs of life. Hungarian and foreign investors are buying apartments at prices still below their pre-crisis peak and earning robust returns. They’re benefiting from a surge in tourists, who are drawn to Budapest’s mix of Michelin star restaurants, “ruin” bars and cheap rents.