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Cost: from 194 000 EUR

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Buy an Apartment in Erzsébetváros (7th District of Budapest) and Get a Residence Permit in Hungary

Why get a Hungarian residence permit by investing in real estate? You will encounter minimal administrative barriers and take advantage of visa-free access to the Schengen zone. You can include your relatives in the application if you want to, and you will not need to live in the host country for most of the year. Sounds impressive? Well, these are just some of the benefits you will enjoy if you invest in Hungarian real estate and obtain a residence permit. And if you don’t know the local market and are not sure what to invest in, we recommend accommodation in the capital district of Erzsébetváros.

Erzsébetváros

Where Is It?

Erzsébetváros is the 7th district of Budapest. It has the smallest area and the highest population density (about 30,000 people per 1 km2) among Budapest districts. It is located on the Pest part of the Danube, and the historical Jewish block, Pest, occupies the largest part of it. Dohány Street is home to the largest active synagogue in Europe. 

Erzsébetváros was called so on January 17, 1882 in honor of Queen Elizabeth (also known as Empress Sissy), a popular spouse of the Austrian Emperor and the Hungarian King Franz Joseph I of Habsburg. Before Budapest was united in 1873, this territory was a part of Terézváros.

During the epoch of Socialism, the population of Erzsébetváros was rapidly decreasing as young people and families were moving to new quickly developing areas with panel buildings: Ujpest, Újbuda, Óbuda, and Kispest. Gentrification and restoration of Erzsébetváros started in the mid 2000s.

Erzsébetváros

Main places of interest: 

  • The Lutheran Church in Fasori
  • Dob street
  • Szent Erzsebet (St. Elizabeth) parish church in Rózsák square
  • Synagogues in Dohány, Rumbach, and Kazinczy streets
  • The Hungarian bath
  • The market hall in Klauzál square
  • Theater Madách
  • Hungarian Pest theater (the building was a place where the performances of the former National Theater company were held, and it was also home to the Rakosi-Beti national theater before that)
  • Miksa Róth memorial house

The central location, numerous places of interest, an abundance of picturesque old buildings, and well-developed public transport (streetcar lines, M2 metro, railroad station) raise the popularity of the local real estate. We propose lots in this district which can be bought to obtain a residence permit for buying real estate in Hungary.

A 2-Room Apartment in a House Designed by Dezső Freund — € 210,000

A 2-Room Apartment
A 2-Room Apartment
A 2-Room Apartment

This is an apartment on the fourth floor in a restored and modernized condominium building designed by a well-known architect Dezső Freund. The residential building with a façade and interior in late Art Nouveau architecture style is located in Nyár street. Unlike the majority of high-rise buildings of that epoch, this one has an elevator. Here are the key peculiarities of the lot: 

  • The area is 50 sq.m.
  • 2 rooms
  • Fourth floor
  • The windows overlook the garden
  • The apartment has been repaired
  • The windows face east
  • Circulation heating available
  • There is an elevator
  • The ceiling is 3.2 m high
  • There are 2 rooms, an American kitchen with a living room, 1 bedroom, and 1 bathroom in the apartment
  • The apartment underwent capital repairs in 2013
  • There is a school, a kindergarten, a pharmacy, a hospital, and shops nearby
  • The building is easily accessible by public transport
  • The residential area is safe and quiet

An Apartment with Fresh Renovation and a Conditioner — € 252,000

An Apartment with Fresh Renovation
An Apartment with Fresh Renovation
An Apartment with Fresh Renovation

A quiet 2-room apartment with the area of 50 square meters that overlooks the landscaped inner courtyard that was repaired in 2021, fully equipped and furnished. The apartment is located in a condominium which is a part of the Leda House complex in the Gozsdu Court quarter. This location is popular with foreign tourists. The offer is ideal if you buy the apartment for a short-term or long-term rent. Here are some other peculiarities of the lot: 

  • There is an air conditioner
  • The apartment is located on the ground floor
  • There are two rooms
  • It overlooks the inner courtyard
  • The property is in an ideal condition
  • Central heating is available
  • The ceiling is 2.8 meters high
  • Condominium apartment owners can take advantage of concierge services
  • This is one of the most dynamically developing locations in the center of Budapest
  • You will find entertainment facilities, sites for cultural events, and gastronomic objects in the proximity.

A 2-Room Apartment in a Quiet Street — € 258,000

A 2-Room Apartment
A 2-Room Apartment
A 2-Room Apartment

The 2-room apartment with an area of 50 square meters is in an impeccable state. It is fully equipped and has an air conditioner, and all furniture is included in the price. It is located in a condominium built in 2008 in Holló street (Gozsdu Court, a popular tourist area). This is a good option if you want to rent the apartment out on a long-term or short-term basis. The building is serviced by a reputed management company that takes care of the cleaning and all the procedures related to rent. Here are the peculiarities of the lot: 

  • It is located on the ground floor
  • There are 2 rooms 
  • The windows overlook a quiet street
  • The apartment is in an ideal condition
  • Central heating is available
  • The ceiling is 2.8 meters high.

A 2-Room Apartment That Can Be Easily Redeveloped — € 194,000

A 2-Room Apartment That Can Be Easily Redeveloped
A 2-Room Apartment That Can Be Easily Redeveloped
A 2-Room Apartment That Can Be Easily Redeveloped

The apartment with an area of 61 square meters is in a good condition. You can take advantage of a cozy living room and a comfortable bedroom. The apartment can be easily redeveloped to get 1 living room and 2 bedrooms. The ceiling is 3 meters high. The floor in two rooms is covered with beautiful polished and lacquered wooden parquet.

The apartment is located in a classic brick building in Gábor Bethlen square near the Veterinary University. There are all amenities in the neighborhood, and you will find public transport stops in the proximity. This is an excellent choice for investors in terms of renting out. Here are some other characteristics: 

  • It is located in Gábor Bethlen district
  • The apartment is on the second floor
  • There are two rooms
  • The windows overlook the courtyard
  • The apartment is in a good condition
  • The windows face south-east
  • Circulation heating is available
  • The ceiling is 3 meters high. 

A Maisonette-Type Apartment with High-Quality Finishing — € 270,000

A Maisonette-Type Apartment
A Maisonette-Type Apartment
Мезонинная квартира
A Maisonette-Type Apartment

The maisonette-type apartment with high-quality repairs is located in the 7th district of Budapest, in Alsó erdősor street. There are 3 rooms in the apartment in the standard layout. Here are the peculiarities of the property:

  • Mechanized kitchen that can be used as a dining room
  • A separate living room
  • Two separate bedrooms
  • The area is 68 sq.m.
  • The windows overlook the street
  • The ceiling is 3.4 meters high
  • This is a modern and clean apartment in an impeccable state located in a building that has recently been repaired
  • New kitchen furniture with a dining area and high-quality kitchen appliances, including a built-in fridge, a built-in dishwasher, an oven, a cooktop, and an extraction hood
  • The windows face east
  • Individual electric heating

The prices of the lots can change. Please get in touch with our team to obtain a complex offer and check whether the real estate is still available. 

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