Property for sale and lease in Hungary
Today, investment in Budapest real-estate property is a unique and lucrative opportunity for those wishing to make investments in Europe. First, there is the context of current “historical” developments. Since 2004 Hungary has been a full member of the European Union, which is an important factor for low-risk property purchase. Furthermore in a few years time, when the national currency is scheduled to become the Euro, it is likely that property prices will rapidly increase by a large factor. This happened in the case of Spain, where Spanish property prices doubled in the 3 years following the adoption of the Euro.
Second, Budapest has a position of unique importance within Hungary. It is the country’s capital and the political and economic hub, with a 20% share of the national population and a 40% share of Hungarian GDP. The city hosts millions of tourists annually, who are attracted by the city’s rich heritage of architectural monuments, its striking natural setting, and the numerous cultural and recreational opportunities, including its world-famous thermal spas. Thus when you buy real-estate property in Budapest, you are not just relying on future capital appreciation: you can generate above-average immediate income by providing short- or medium-term lettings for tourists or business visitors.
We can assist you in providing information on apartments and houses for sale, in organizing an inspection trip for you to personally evaluate property you may wish to buy, and then subsequently in managing your property including arranging lets to visitors. We can also assist you in re-selling your property. However as suggested above we strongly recommend that you do not take a short-term gain at present, but rather wait until Hungary joins the Euro zone, and at that time reap a much larger profit.
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