Investing in property in Budapest

Why Budapest? We are convinced that investing in real estate in the Hungarian capital city represents one of the most attractive and profitable opportunities currently available in Europe. On our introductory page we outlined some of the background factors supporting this position. Here we fill out the picture with a little more detail, and also outline our range of services.

Hungary has been a full member of the European Union since 2004. The benefits of EU membership are clear; in particular, membership has been associated with stable economic growth. During the last 10 years, Hungary's GDP has increased by 4% yearly, substantially above the EU average for the same time period. This is not a temporary “boom” – we are talking about a long-term trend of steady growth, which is expected to continue for the foreseeable future. It is worth noting that forty-five out of the world's largest 50 multinational companies have made the decision to invest in the Hungarian economy. As mentioned, Budapest is the geographical, political and economic hub of the country, and contributes over 40% of the total Hungarian GDP.

Budapest is unique. For most visitors, their impression is that it is a strikingly beautiful city. It is located in the heart of Europe, but at the same time living costs are a fraction of those in Western Europe or the U.K, a factor which makes it especially attractive as a retirement destination. Budapest boasts one of the lowest crime rates of major European cities. Particularly thanks to its architectural heritage and attractive natural environment, the city attracts millions of tourists each year. Income generated by tourism is predicted to more then double over the next 5 years.

Budapest's location is in many respects an ideal one. Air travel from most European cities brings you here in 3 hours or less, and by road it's only a two-and-a-half hour drive from Vienna. There are also good rail connections from most parts of Europe. Once here, the Adriatic coast of Croatia can be reached in less then 6 hours by car; while just 90 minutes away is Hungary’s own “sea”, Lake Balaton, the largest lake in Central Europe and a popular summer destination.

In the context of the accommodation demand generated by the above factors, there is a chronic shortage of well-renovated apartments in the historic areas of Budapest. Considering the increasing popularity of the Hungarian capital city with tourists, suitable property in an attractive downtown location can assure a steady income for the investor. The market for short-term lets is currently extremely buoyant, and for many real-estate owners this provides a low-risk alternative to long-term rental.

– and where we come in …

In this attractive scenario there is of course also a “downside”. For the foreign property-owner it can potentially be a never-ending nightmare: irresponsible tenants, war with the insurance company, trouble with the tax authorities, and many other headaches. And this is where we can help. If you decide to purchase property in Budapest for letting purposes, then we suggest that you consider using our services, as dozens of satisfied property owners have already done; we ensure a stable profitability of their investments, as well as monitoring the state of the properties in question. With our experience in property management, we consider it our primary aim to combine high quality service with value for money. Providing a full range of services, we can ensure that (in accordance with the preferences of the individual client) investors themselves are relieved of the burden of detailed tasks regarding property refurbishment, interior furnishing, and rental. Services are provided by a reliable, motivated team of professionals, ensuring peace of mind.

Our team will dedicate as much time and effort as necessary in order to make sure that your property investment brings nothing but a high level of income, and absolutely no hassle for you. Do not worry about the language issue – wherever you are from, we will find a suitable way to communicate. Our management team will provide you with a comprehensive and realistic plan on how to use your property to its full potential.