Excellent rental investment in a capital city full of
business professionals

Hungary is located in central Europe and is only a 90 minute flight from London.  Historically, Hungary was part of the Austro-Hungarian Empire, which during the 1st World War collapsed and became part of the Soviet bloc until 1989.  Hungary’s incredible transition to a Western-style democracy has been quick and very effective.

Hungary achieved full EU membership in May 2004 and since then, successive governments have primarily concentrated on developing internal and external markets.  As a direct result, Hungary has attracted over $20 billion of foreign investment which has helped to strengthen its economy and improve the infrastructure. 

Budapest, the country’s capital is one of Hungary’s most popular investment hotspots and there is no sign of a slow down.  Budapest is a magnificent cosmopolitan city located alongside the stunning River Danube.

Budapest, today known as The Paris of the East, was the second city of the all-powerful Austro-Hungarian Empire and at the turn of the 20th century was one of the leading cities of the world. Today, Budapest is a sophisticated city, famous for its stunning architecture,  Opera House, imposing theatres, boutiques, restaurants and bars.  Budapest has a well-established infrastructure including a underground transport system, tram network and international rail links.

 

Reasons to invest in Hungary

Budapest is an unbeatable investment opportunity with a bright future ahead.

At Essential Investment Property we have identified 15 top reasons why now is a great time to invest in Hungary property:

Hungary joined the EU in 2004 Since joining the EU, Hungary has received a large amount of foreign investment The increase in property investment has meant steady price rises Budapest is home to 20% of Hungary’s population Budapest accounts for a staggering 60% of Hungary’s GDP Hungary is home to 45 of the world’s largest multi-national firms Companies such as General Electric, Morgan Stanley and Microsoft have recently demonstrated their confidence in the Hungarian economy A lack of high quality new build property in the centre of Budapest has spurred on overseas real estate investors Budapest offers an excellent rental investment with the city full of business professionals The cost of living is lower than other European capital cities Property prices are lower than similar European capital cities A pleasant climate Rich national heritage Established infrastructure & excellent transport facilities Many low cost airlines now fly to Budapest from all over Europe

 

Property in Budapest is currently great value for money.  Hungary will adopt the euro as its currency in 2010 and interest rates will fall. This will stimulate property markets causing prices to rise.  For this reason, it is currently a very good time to invest in Hungary property and with the economy growing at a rate of 4.1%, the future certainly looks bright for Budapest and Hungary.

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