Miskolc, Hungary’s fourth-largest city, offers an affordable real estate market, making it an attractive destination for buyers and renters alike. Whether you should buy or rent depends on factors like property prices, rental costs, financial stability, and long-term plans. Let’s explore the pros and cons of both options in 2025.
Current Real Estate Market in Miskolc (2025 Update)
Miskolc is known for its historical charm, growing infrastructure, and competitive property prices. Here’s an overview of current market trends:
Buying a Property in Miskolc
- Average price per square meter: ~€1,200
- Cost of a 70m² apartment: ~€84,000
- Additional costs:
- Down payment (~20%)
- Transaction fees
- Possible renovation expenses
- Best areas to buy:
- Belváros (City Centre) – Close to amenities, historical charm
- Avas – Residential area with mixed property types
- Diósgyőr – Attractive for families, near green spaces
Renting a Property in Miskolc
- Average monthly rent for a 70m² apartment: ~€500
- Upfront costs:
- Security deposit (usually 1-2 months’ rent)
- First month’s rent
- Best areas to rent:
- Belváros – Convenient for young professionals
- Lillafüred – Ideal for nature lovers
- University district – Suitable for students and young professionals
Buying vs. Renting: Pros & Cons
| Factor | Buying | Renting |
|---|---|---|
| Upfront Costs | High (down payment, fees) | Low (deposit, first month’s rent) |
| Monthly Expenses | Mortgage payments (may be lower than rent) | Fixed rental costs, no ownership benefits |
| Flexibility | Low (long-term commitment) | High (easy relocation) |
| Equity Building | Yes (investment potential) | No (money spent on rent) |
| Maintenance Responsibility | Owner pays for repairs | Landlord handles repairs |
Which Option Makes More Sense?
- Buying is better if you plan to stay in Miskolc long-term and want to build equity.
- Renting is better if you need flexibility or are unsure about long-term residence in the city.
Final Thoughts
The decision between buying and renting in Miskolc depends on your financial situation, lifestyle preferences, and future goals. If you are planning a long-term stay and want to invest in property, buying is a solid choice. However, if flexibility is your priority, renting offers a hassle-free alternative.
Are you looking for the best real estate deals in Miskolc? Let us know your preferences in the comments below!
