Property Investment Market in Hungary
Property Market in Hungary
The biggest market by far is in the new-build and renovated buy-to-let apartments in the capital, Budapest, where the 5th, 6th, 7th, 11th and 13th districts are the most sought after addresses. There is some activity around Lake Balaton and Danubian towns like Pecs in the southern area of the country.
Plus and minus points: Budapest is a very good option for a buy to let investment; short term holiday lets for the tourist industry are a possibility but letting to local or expat professionals offers more reliable returns. Outside the city the international tourist market is in its infancy.
Property hotspots
Budapest
Investment rationale
Capital growth in Budapest has been steady at 15% annually for the last two years, and prices are predicted to double between now and 2010, when Hungary is expected to join the euro. From that point, some agents expect capital appreciation to continue at around the 10% a year level. Rental yields of 5-7% are achievable.
For more information or to buy Budapest Investment Property please contact us here.
The biggest market by far is in the new-build and renovated buy-to-let apartments in the capital, Budapest, where the 5th, 6th, 7th, 11th and 13th districts are the most sought after addresses. There is some activity around Lake Balaton and Danubian towns like Pecs in the southern area of the country.
Plus and minus points: Budapest is a very good option for a buy to let investment; short term holiday lets for the tourist industry are a possibility but letting to local or expat professionals offers more reliable returns. Outside the city the international tourist market is in its infancy.
Property hotspots
Budapest
Investment rationale
Capital growth in Budapest has been steady at 15% annually for the last two years, and prices are predicted to double between now and 2010, when Hungary is expected to join the euro. From that point, some agents expect capital appreciation to continue at around the 10% a year level. Rental yields of 5-7% are achievable.
For more information or to buy Budapest Investment Property please contact us here.
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