Published on and written by Cyril Jarnias
Sandwiched between Budapest and Lake Balaton, Székesfehérvár checks nearly all the boxes real estate investors are looking for in 2026: a market still cheaper than the capital, a solid industrial base, rising rents, a massive infrastructure program… and a short-term rental scene that’s still practically a “niche,” far from the saturation of major metropolises.
Residential prices in Hungary have multiplied by this factor since 2015.
A Very Favorable Macro Context for Hungarian Real Estate
To understand the appeal of investing in Székesfehérvár, you first need to look at the national backdrop. According to the National Bank of Hungary (MNB) and the statistical office KSH, residential prices have soared since 2010, making the country one of the leaders in price growth in Europe. Between 2014 and early 2022, double-digit annual increases were the norm, peaking at over 24% year-on-year in 2022.
Housing prices in the first quarter of 2025 are almost 3.4 times higher than in 2015.
Average gross yields nationwide hover around 5–5.1% for apartments, with peaks at 5.47% in Debrecen and around 5% in Budapest. Analysts believe the Hungarian market now offers a competitive yield/risk profile in Central Europe, especially for investors targeting university and industrial cities.
In this context, Székesfehérvár stands out with a price level still lower than the major hubs – while posting faster increases than the regional average for Central Transdanubia.
Székesfehérvár, a Strategic Industrial and Logistics Hub
>Ninth-largest city in the country, capital of the Central Transdanubia region and seat of Fejér County, Székesfehérvár is not just a residential suburb of Budapest. It is a historic industrial center that has successfully reinvented itself after the fall of the planned economy in 1989.
After a harsh transition to a market economy marked by deindustrialization and high unemployment, the municipality implemented a proactive strategy to create a business-friendly environment. This strategy relies on predictable local taxes, stable municipal policies, infrastructure development, and targeted attraction of foreign investors.
Result: the city is now one of the most industrialized areas in Hungary and the main employment hub of its county. It attracts not only its 100,000 residents but also nearly 50,000 daily commuters. Manufacturing remains the leading sector, with a share of employment significantly above the national average, while services are proportionally slightly less represented.
The presence of multinationals (Ford, IBM, Denso, Alcoa, Philips, Sanmina-SCI), a skilled workforce, and excellent transport infrastructure have earned Székesfehérvár a ranking by fDi Magazine (Financial Times) among the most attractive European micro-cities for business, especially in the ‘business friendliness’ and ‘economic potential’ categories.
For a real estate investor, this means structural demand driven by stable jobs, a large working population, commuter flows, and a base of companies capable of generating new housing needs – especially rental properties.
A Residential Market Rising Fast but Still Affordable
KSH figures clearly illustrate this combination of “catch-up + affordability”. In the first quarter of 2025, the average price of a home in Székesfehérvár is around 47.9 million forints, up just over 20% year-on-year. Per square meter, that’s 793,000 HUF/m², a 24% increase in one year – well above the Central Transdanubia regional average (about +13%).
The momentum continued through the end of 2025: Székesfehérvár is part of the select group of county towns where the average price exceeds 900,000 HUF/m², alongside Szeged, Győr, and Veszprém. By the end of 2025, it reached about 923,000 HUF/m².
Monthly tracking data confirm this underlying trend, with prices rising almost uninterrupted since 2023:
| Month (actual value) | Average price per m² in Székesfehérvár (HUF) |
|---|---|
| January 2023 | 594 491 |
| December 2023 | 604 515 |
| June 2024 | 652 428 |
| December 2024 | 736 363 |
| March 2025 | 799 000 |
| December 2025 | 900 000 |
| March 2026 | 848 661 |
| April 2026 | 849 374 (estimated average) |
A slight dip or consolidation phase is observed in 2026, with an estimated cumulative decline of about 5.6% since the start of the year. Analysts see this as a technical breather after two years of rapid increases rather than a lasting reversal. Fundamentally, the city remains supported by active demand and a pipeline of infrastructure projects that should continue to underpin values.
In Székesfehérvár, housing prices range between 850,000 and 950,000 HUF/m², a range considered the core market for the middle class.
Price Structure by Property Type
Available local data reveal an interesting segmentation between single-family homes, brick apartments, panel apartments, and townhouses:
| Property Type | Average Price (HUF) | Price Range (HUF) |
|---|---|---|
| Residential (all types) | 98 386 247 | 26 500 000 – 890 000 000 |
| Single-family home | 125 917 380 | 26 500 000 – 890 000 000 |
| Brick apartment | 89 997 156 | 34 200 000 – 716 840 550 |
| Panel apartment | 52 991 674 | 32 000 000 – 71 900 000 |
| Townhouse | 92 970 000 | 56 500 000 – 195 000 000 |
For an investor, panel apartments often represent the most affordable entry point, with average prices around 50–55 million forints. Single-family homes and large villas can easily exceed 100 million, or even several hundred million, but target a more wealth-oriented clientele or high-end co-living strategies.
A Growing Stock, a Liquid Market
The housing stock has grown, from about 42,981 dwellings in 2009 to 44,905 in 2014, an increase of nearly 4.5% in five years. The average time to sell is estimated at 70 days, reflecting a relatively liquid market for a city of this size: a well-positioned property sells in just over two months.
The number of property listings increased by more than 10% in one month between December 2025 and April 2026.
Solid Rents and a Diversified Rental Market
On the income side, Székesfehérvár ranks among the top Hungarian county towns in terms of rents. The average rent recorded for apartments is around 234,000 HUF/month, with an average price per m² of about 3,900 HUF.
| Average Rental Indicator in Székesfehérvár | Value |
|---|---|
| Average rental size | 59 m² |
| Average rent per m² | 3,907 HUF/m² |
| Average monthly rent | 234,262 HUF |
| Lowest observed rent | 110,000 HUF/month |
| Highest observed rent | 650,000 HUF/month |
Listings show a wide range of products: studios, one- to three-bedroom units, large family homes, rooms, student apartments, and houses. Typical rents range from 140,000 to 220,000 HUF for small to medium-sized spaces, with much higher peaks for upscale properties or prime locations in the historic center (some offers exceeding 500,000 HUF/month on Várkörút, for example).
For renting, tenants typically need to provide an ID, proof of income, a security deposit, and sometimes a reference from a previous landlord or an employer letter. Landlords, on the other hand, are subject to a 15% tax on rental income, with the option to deduct actual expenses or take a standard 10% allowance.
In practice, consider a 20–25-year-old 60 m² apartment purchased for around 50 million HUF (i.e., about 830,000 HUF/m²) and rented for 220,000 HUF/month. This yields a gross return close to 5.3%. After taxes, condo fees, and maintenance (often around 1% of the property’s value per year for an older building), the net return could be around 3.5–4%, which remains competitive in the current European context.
A Niche Airbnb Scene… with Room to Grow
The other side of the rental market – short-term rentals like Airbnb – is still embryonic in Székesfehérvár. AirROI data for the period July 2024 – June 2025 records only 35 active listings, a volume that clearly places the city in the niche market category.
This small size does not prevent a structure that is already visible in the inventory:
– Nearly 94.3% of listings are for entire homes (houses or apartments).
– Apartments and condos represent about 60% of properties, single-family homes 40%.
– The market is dominated by small units: 62.9% of listings are 1-bedroom, and 82.9% of offers have 1 or 2 bedrooms.
– Typical capacity is around 3.8 people, with listings for 2 or 4 people covering 60% of the stock, and 20% of properties able to accommodate 6 or more travelers.
This configuration caters to a mixed clientele: couples and small families passing through, short-term business travelers, tourists visiting the region, or those making a stop between Budapest and Lake Balaton.
Financial Performance of Short-Term Rentals
Financially, the numbers show a market that is certainly seasonal, but capable of generating attractive income for the best operators.
| Performance Segment (Airbnb Székesfehérvár) | Monthly Revenue (USD) | Occupancy Rate | Average Daily Rate (ADR) |
|---|---|---|---|
| Top 10% (“best in class”) | ≥ 1,552 | ≥ 78% | ≥ 117 |
| Top 25% (“strong performers”) | ≥ 1,112 | ≥ 50% | ≥ 85 |
| Median (“typical”) | ≈ 639 | ≈ 29% | ≈ 65 |
| Bottom 25% (“entry level”) | ≈ 322 | ≈ 14% | ≈ 52 |
Seasonality is pronounced. The high season generally spans April, July, and especially August:
Analysis of revenue, occupancy rates, and average daily rates (ADR) by periods of the year.
Average monthly revenue: 1,233 USD. Occupancy rate: 51.8%. Average daily rate (ADR): ~74 USD.
January, February, November. Average monthly revenue: ~490 USD. Occupancy rate: 26.5%. ADR: 71 USD.
Typically in August. Monthly revenue can reach ~1,458 USD. Occupancy rate: 57.6%. ADR: ~85 USD.
Another important point: booking lead time. The average lead time is about 34 days, but climbs to nearly 59 days for July stays. In other words, travelers plan their summer trips to Székesfehérvár relatively early, giving hosts time to optimize pricing and calendars.
More than half of tourist rental properties are booked only 31 to 90 days per year.
For an investor, this means the market is far from saturated, but location selection, product quality, and management (dynamic pricing, marketing, photos, service) make the difference between a very average performance and a steady stream of bookings.
A Still Light Regulatory Framework, but Worth Watching
Another factor setting Székesfehérvár apart from Budapest: the level of regulation for short-term rentals is still low. While the capital sees some districts (like the 6th) outright banning Airbnb, and others imposing moratoriums or quotas, this Central Transdanubian city appears still lightly constrained.
One caveat: the AirROI platform notes that compliance with local rules (permits, registration) is the host’s responsibility, and indicates that only about 9% of the listings surveyed were properly licensed. For an investor, it is therefore prudent to anticipate possible tightening of rules in the medium term, or at least a formalization (mandatory registration, increased tourist tax, etc.), similar to trends across Europe.
Rental Demand Driven by Multiple Segments
In Székesfehérvár, rental demand does not come from a single tenant profile, but from a combination of complementary segments.
Employees and Commuters
The main base remains the local working population and commuters. With over 17,000 registered companies (including nearly 10,000 active, mostly SMEs), a strong industrial base, and a low unemployment rate (around 2.9% in the county, slightly lower in the city), demand for housing close to employment zones is steady.
Workers attracted by multinationals (automotive, electronics, logistics) look for modern or recently renovated apartments, near main roads or the train station, with good connections to industrial parks (such as Ikarus Ipari Park or the service zones linked to Route 7 and the M7 motorway).
Students and Young Professionals
The report mentions a “education district” grouping universities and colleges. As in other Hungarian cities, proximity to these campuses creates a specific micro-market for studios, one-bedroom units, and low- to mid-budget shared apartments.
Platforms like Flatio offer furnished rentals from 1 to 12 months, targeting students, young professionals, expats, and digital nomads. These offers, sometimes without a security deposit, with transparent pricing and security, cater to demand in Budapest. For landlords, it’s a compromise between managing an Airbnb and the rigidity of a long-term lease.
Tourists and International Visitors
On the short-stay segment, the clientele is mostly international: about 81% of Airbnb travelers are foreign, with a significant share of Germans and a very young profile (around 50% “post-2000s,” i.e., Gen Z and Alpha). English and Hungarian dominate among languages spoken (38.8% and 17.3% of visitors, respectively).
The city’s main attractions include its historic center, the lively shopping street Kossuth utca (with its cafés, restaurants, and nightlife), and the covered market (Market Hall), known for local products, crafts, and cultural events. The proximity of Lake Balaton and Budaörs, notably via the new residential development Gólyaliget Lakópark, allows for combined stays blending urban discovery and nature.
For an investor, targeting small, well-located units near these hubs (center, commercial streets, campuses) will appeal to both local young professionals and tourist clientele.
A Tsunami of Infrastructure Changing the Game
One of Székesfehérvár’s major assets for the coming years lies in the scale of public investment in roads, transport, and urban facilities. Nationally, properties near major infrastructure projects typically see a 10–20% price premium. Locally, Székesfehérvár is building the kind of network that sustainably revalues certain neighborhoods.
Unprecedented Road Program
The municipality has launched a road renovation plan unprecedented in its recent history, with a budget of approximately 1.6 billion forints. A significant portion (820 million) comes from a reimbursement under the “Versenyképes Járások” (Competitive Districts Programs), with the remainder funded from own resources, thanks to healthy tax revenues (especially the industrial tax).
In addition to the 1.6 billion budget, nearly 5 billion forints are allocated via the TOP Plusz program to renovate and redesign dozens of strategic streets and intersections between 2026 and 2028. The work will notably affect József Attila, Madách Imre, Palotai, Táncsics, Kossuth, Móri (to the city limits), Pozsonyi, Úrhidai, Aradi, Hunyadi, Seregélyesi streets, as well as connections like Bakony utca with the western ring road.
Added to this are targeted projects such as:
– the creation of a “turbo roundabout” at a very busy road junction, in agreement with the Ministry of Construction and Transport;
– the modernization of Móri út (between Dózsa György út 3 and Móri út 42), including a new roundabout, sidewalk recalibration, renovation of water and sewage networks, a bike lane, and parking;
– the development of the “southern connecting road,” a new roadway over 5 km long linking national roads 62 and 63 and the Sárkeresztúr road, with a crossing over rail lines, connection of Juharfa utca and Takarodó út, and nearly 4.4 km of cycling infrastructure.
This improved road network is clearly aimed at access to economic and logistics zones, smoothing commuter flows, and diverting through traffic from the city center. For real estate, this means a growing number of residential neighborhoods will be linked by modern, safer, and less congested arteries, boosting their attractiveness.
Rail Transport and Intermodality
Investments are not limited to roads. Székesfehérvár’s railway node, located on the Budapest–Nagykanizsa line and at the junction of several routes toward Lake Balaton and western Hungary, is undergoing a major modernization: complete reconstruction of tracks (20 km of redesigned network), speed increased to 100 km/h on through tracks and 80 km/h on connections, installation of a modern signaling system (ETCS Level 2), new high platforms with shelters, a pedestrian bridge, elevators, renovation of the listed station building, and reconfiguration of traffic control.
The transformation of public transport aims to reverse declining usage and improve speed and comfort for trips to Budapest and regional cities. Under the future high-speed rail link project (160 km/h) to Budapest’s Liszt Ferenc Airport, Székesfehérvár will benefit from better connection to the national and international network.
Public Spaces, “Smart City,” and Amenities
Beyond roads and rails, the city is also investing in its “urban software”:
Overview of the main investment and modernization projects in Székesfehérvár, aimed at improving quality of life, education, and sustainability.
Extension of the “Fehérvár Tüdeje” program with a budget of 400 million forints for renaturation of valleys (Aszal, Gugás) and creation of leisure and sports areas in Maroshegy and Feketehegy.
Complete renovation of nurseries and schools (Árpád úti óvoda, Hosszúsétatéri óvoda, Tündérkert bölcsőde, etc.) and modernization of vocational training with a national envelope of 6.4 billion forints.
Program worth over one billion forints to equip public buildings with photovoltaic panels and energy storage systems.
Development of smart grids for over one billion forints: smart parking, real-time bus information, and optimized traffic light management.
Finally, the extension and redevelopment of the historic center toward Szent István tér, Kossuth utca, and Táncsics utca are expected to boost the commercial and tourist appeal of the city core, directly benefiting classic residential buildings as well as properties used for Airbnb or furnished rentals.
For the investor, these programs mean two things: an improvement in the living environment (and therefore rental appeal) and potential land appreciation in directly affected areas (renovated streets, periphery of the modernized station, neighborhoods near new parks and facilities).
Rules, Taxation, and Financing: What an Investor Needs to Know
As elsewhere in Hungary, an investor in Székesfehérvár must navigate a specific legal and tax environment, relatively stable but technical.
Purchase and Holding Taxation
Buying a property triggers a stamp duty of 4% on the value up to 1 billion forints, then 2% on any excess. A notable exception: for new homes, a 5% VAT (up to 150 m² for an apartment, 300 m² for a single-family home) replaces this stamp duty, which can significantly lower the entry cost.
Additional costs include:
– attorney fees (mandatory for any transaction), generally 1 to 1.5% of the price;
– notary fees and land registry registration (around 10,600 HUF for the entry alone);
– possibly administrative fees for obtaining cadastral documents.
All told, it is prudent to budget about 10% of the purchase price for ancillary costs (taxes, fees, miscellaneous).
There is no uniform national property tax in Hungary. Each municipality may impose its own tax on buildings and land, within national ceilings (e.g., 1,100 HUF/m²/year for land, or 1.8 to 3.6% of the adjusted value for buildings). Many communes apply no annual tax, but some tourist areas like Lake Balaton do. For a city like Székesfehérvár, the existence and exact level of these taxes depend on municipal decisions and should be verified case by case.
Rental income is taxed at 15% (personal income tax), with the landlord able to deduct actual expenses or opt for a 10% flat expense rate. For those tax resident in another country, the impact is moderated by double taxation treaties, Hungary having signed them with over 80 states.
Upon resale, capital gains are also taxed at 15%, but the taxable base decreases rapidly with holding period: 100% if sold within the first two years, 90% in the third year, 60% in the fourth, 30% in the fifth, and 0% after five years. In other words, holding a property for at least five years eliminates all capital gains tax.
Special Rules for Foreign Buyers
EU nationals, as well as those from Norway, Iceland, Liechtenstein, and Switzerland, can freely buy residential or commercial property in Hungary without any special permit (except for agricultural land, forests, and listed properties).
Investors from non-EU/EEA countries (such as the UK, USA, China, Israel, Russia, or Turkey) must obtain a purchase authorization to buy property in Hungary. This authorization is issued by the county government office where the property is located (e.g., in Székesfehérvár for the Fejér Megyei Kormányhivatal). The procedure, handled by the buyer’s attorney, costs about 65,000 HUF. Processing time is usually 2 to 4 weeks, although the law provides a legal deadline of 45 days. In some cases, processing can be longer, extending to 2 to 4 months.
Common documents include: application form, certified copy of passport, draft sales contract, land registry extract, certificate of good conduct, possibly a power of attorney if the lawyer represents the buyer, and specific documents for companies (articles of association, recent extract, etc.). The authorities verify identity, absence of serious criminal convictions, expulsion orders, and no conflict with “public interest” or the interest of the local community.
In practice, refusals are rare for individuals with no criminal record. However, persons or entities under sanctions, with a suspended tax number or in liquidation may face a refusal.
Bank Financing
Hungarian banks lend to foreigners, but more selectively than to residents. In 2025, outstanding mortgage loans increased by about 15% year-on-year, boosted by subsidized programs. For standard borrowers, the average rate observed in June 2025 around 6.94% gives an order of magnitude.
For a foreign investor, especially non-EU, banks often require a significant down payment (50 to 70% of the price, i.e., LTV of 30 to 50%), stable and documented income, sometimes in Hungary or euros, and a Hungarian tax number. The heavily subsidized 3% programs (like Otthon Start for first-time Hungarian buyers) are generally reserved for eligible residents and cannot be used by a non-resident purely rental investor.
The lack of cheap local financing does not prevent investment, but requires working with net yield scenarios after interest, bearing in mind that rates, even if they continue to slowly decline (the MNB base rate is 6.50%), will likely remain above 5–6% in the coming years.
Comparing Székesfehérvár to Other Hungarian Markets
To place Székesfehérvár in the investment hierarchy, it can be seen as midway between Budapest and secondary provincial cities.
The very affordable price per square meter, around 289,000 HUF, for investing in real estate in Salgótarján, a less dynamic city.
Székesfehérvár stands out for its hybrid positioning:
– Prices catching up with leading cities, but not yet equal to them.
– Strong industrial and logistics economic base, backed by a massive infrastructure plan.
– Rental market attracting workers, students, commuters, and international visitors alike.
– Airbnb scene still little exploited, with only 35 active listings, but high performance for top operators.
For an investor willing to consider a medium-sized city rather than a metropolis, the combination of “decent rental yield + capital appreciation potential + moderate regulatory risk” is hard to ignore.
Where and How to Invest in Székesfehérvár?
In a catch-up market, micro-location selection matters more than ever. A few guidelines emerge from the available data and trends observed in other Hungarian cities.
Bet on the Transforming Thoroughfares
The streets and neighborhoods directly affected by renovation or new infrastructure projects are obvious targets. In the medium term, thoroughfares like Kossuth utca, Táncsics utca, Móri út, Pozsonyi út, Úrhidai út, Bakony utca, or the new southern link should see enhanced attractiveness:
– better accessibility by car and public transport;
– smoother traffic, better managed noise and pollution;
– enhanced streetscape, with sidewalks, lighting, parking, bike lanes.
These neighborhoods are characterized by older or mid-era buildings whose current price per square meter is below the expected future average. The main advantage lies in the capital appreciation potential from upcoming urban renewal, which should revalue the area.
Target the Center and Areas Close to Jobs
The historic center (around Sörház tér, Várkörút, the shopping streets) and areas well-connected to industrial parks are key zones if aiming for a mix of long-term and seasonal rentals. Well-renovated one- and two-bedroom apartments there will find takers among both young professionals and tourists.
Annual revenue that can be generated by a high-performing Airbnb property, according to listing analysis.
Don’t Overlook the Green Belt and New Residences
Projects like Gólyaliget Lakópark, in a green setting minutes from Lake Balaton and Budaörs, open another path: new residential developments aimed at families or retirees seeking a blend of nature and proximity to major routes. These residences can benefit from the 5% VAT rate and attract tenants willing to pay a premium for energy-efficient homes with elevators and parking.
In a context where rents for new properties are higher but energy bills weigh more heavily, this type of product can offer low vacancy and low tenant turnover, at the cost of a slightly lower gross yield than renovated older buildings.
Strategies and Risks: How to Build Your Investment Plan
Investing in Székesfehérvár in 2026 means betting on continued price catch-up (local indices still show +11 to +16% annual growth in 2024–2025), while accepting some uncertainties: durability of the economic cycle, evolution of public subsidies, interest rate trajectory, and possible regulatory tightening on short-term rentals.
To structure a strategy, it helps to think in three tracks.
1. Long-Term Rental Yield
>Objective: target gross yields around 4.5–5.5% on leases of at least 1 year, without heavy daily management.
Typical property profile:
– 45–70 m² brick apartment in a building from the 1980s–2000s, near a transport node (station, renovated roads) and employment zones;
– in good condition or recently renovated (kitchen, bathroom, windows), possibly with a balcony and parking spot;
– targeted rent: 200,000 to 250,000 HUF/month to stay within local household affordability.
This strategy closely resembles what works well in Budapest’s districts IX, XI, or XIII, but with lower entry prices. It relies on the stability of local demand (employees, couples, small families) and a steady but moderate rise in rents (the country recorded about +5% nominal rent growth over one year in early 2026).
2. Short / Medium-Term Mix
Objective: capitalize on the still-under-exploited Airbnb niche and the Flatio clientele (stays of 1 to 12 months), accepting more active management.
>Typical property profile:
>- studio or one/two-bedroom unit of 30–50 m² in the city center, near Kossuth utca, the covered market, or cultural hubs;– careful renovation and furnishings, instagrammable decor, high-speed wifi, functional kitchen;
– dual strategy: high season on short-term rentals (Airbnb) and low season on medium-term (Flatio, furnished rentals to students, young professionals, digital nomads).
The best operators in this niche in Székesfehérvár exceed 1,500 USD/month in revenue during high season, with occupancy rates around 70–80% for the top 10%. Aiming for a balanced mix and factoring in strong seasonality, a realistic target could be the upper quartile of the market (over 1,100 USD/month average revenue), which for a property bought in the 45–55 million HUF range could yield a gross return above 7% in some years.
Rental management is demanding (communication, cleaning, check-in/out) and leads to faster wear and tear. Also, local regulation may tighten. To mitigate these risks, prioritize apartments that remain attractive for traditional long-term rentals, allowing you to switch business models if needed.
3. Bet on Infrastructure-Driven Land Value
Objective: buy in micro-zones directly impacted by major works (road junctions, renovated arteries, modernized station), with an investment horizon of 5 to 10 years.
Typical property profile:
– older building or townhouse along a thoroughfare under construction (Móri út, Bakony utca, Pozsonyi út, Úrhidai út) or near the station and its future expanded services;
– needs initial renovation (facade, common areas, units to modernize), allowing a purchase below the market average;
– value growth expected from the combined effect of neighborhood upgrading and the city’s structural price increase.
Global analyses for Hungary show that properties near major transport or urban renewal projects typically gain a 10–20% premium over a few years. Adding the national trend (OTP and RE/MAX anticipate +15% average growth in 2025, up to +20% in prime investment zones), such a strategy can generate above-average capital gains – provided one accepts a long holding period and chooses the location wisely.
In Summary: Why Székesfehérvár Deserves a Place on Investors’ Radars
At a time when Budapest is moving toward a more mature market, with compressed yields in its most sought-after neighborhoods and growing regulation of short-term rentals, Székesfehérvár offers a different profile:
The market is in a catch-up phase with annual price growth of 11 to 16%, above the regional average. Prices remain lower than in the national metropolises, benefiting from a solid economic base and excellent connectivity. The urban environment is transforming rapidly thanks to major investments in road and rail infrastructure, as well as educational and “smart city” projects. The rental market is driven by strong demand from workers, commuters, students, and young professionals, plus an unsaturated tourist niche. The national tax environment is favorable, with reasonable taxation of rental income and exemption from capital gains tax after five years of holding.
As always in real estate, success depends not just on the city, but on the “micro”: the street, the building, the quality of renovation, a deep understanding of local demand and infrastructure trajectories. In this regard, Székesfehérvár offers enough market depth and structural movements to justify a demanding investor spending time, running simulations, and for some, allocating a significant part of their Hungarian portfolio.
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Cyril Jarnias is an independent expert in international wealth management with over 20 years of experience. As an expatriate himself, he is dedicated to helping individuals and business leaders build, protect, and pass on their wealth with complete peace of mind.
On his website, cyriljarnias.com, he shares his expertise on international real estate, offshore company formation, and expatriation.
Thanks to his expertise, he offers sound advice to optimize his clients' wealth management. Cyril Jarnias is also recognized for his appearances in many prestigious media outlets such as BFM Business, les Français de l’étranger, Le Figaro, Les Echos, and Mieux vivre votre argent, where he shares his knowledge and know-how in wealth management.
