Cheap holiday home at Lake Balaton? Here is the list!

The area around Lake Balaton attracts both domestic and foreign visitors and property buyers for understandable reasons. If you are considering buying a holiday home around the Hungarian sea, you have quite a few options even below HUF 6 million (EUR 16,251). Evidently, they are in need of major renovation.

If you accept having to drive 20 minutes to Lake Balaton from your new holiday home, this article is for you. Of course, you will certainly have to spend several times the purchase price on these properties for renovation. However, in return, you can get away with buying them without a mortgage. Pénzcentrum has compiled a list of the 5 cheapest properties around Lake Balaton right now.

Usually, at Lake Balaton, you should start looking for a holiday home with HUF 30 million (EUR 81,300) or even more. According to experts, the only properties in the lower price bracket are those further from the waterfront, which are more outdated and in need of renovation. Properties that fall below the HUF 20 million (EUR 54,195) mark are in need of renovation and/or are far from the lake, Pénzcentrum reports.

None of the 5 cheapest properties found by Pénzcentrum cost more than HUF 6 million. So you don’t necessarily need a home loan to buy them.

These are the 5 cheapest properties around Lake Balaton right now

1. Zalakomár, HUF 3.6 million

Currently, the cheapest house advertised with a photo is a property in Zalakomár, for HUF 3.6 million (EUR 9750). The price per square metre of the 60 square metre, 2-bedroom property is just HUF 60,000 (EUR 162.50). The only problem is that the house needs a complete renovation: it is missing windows and doors. In return, Zalakaros is nearby and Lake Balaton is 20 minutes away.