Vadasz 28 Apartments District 5 - Budapest

Vadasz 28 is an exclusive residential development of 41 top market apartment units. It is located in the best investment location in Budapest's district 5.

The Vadasz 28 Building consists of 41 studio, one, two and three bed apartments, finished to a standard that matches the exclusive location of the building that can be found in the Budapest area of district 5.

The architects have reached a distinctive balance between tradition and contemporary building materials to produce a building design that both reflects neighbouring historic buildings but with a futuristic 21st century accent that mirrors modern Budapest.

The apartments range in size from 46 sq m (495 sq ft) to 126 sq m (1356 sq ft) all with either French balconies or generous terraces.

All the apartments boast large living areas producing comfortable, bright and airy spaces.

Central to the building design are 3 courtyards, each with manicured green areas offering residents a tranquil escape from city life.

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District 5 Property Sales

The Budapest are of District 5 is the centre of the main city, Belvaros forms the southern half of District 5 and comprises of the old town in the Pest side of Budapest. With the awe-inspiring brick and tiled hulk of the Vasarcsarnok known as the main market hall at one end and the traditional shopping centre and affluent retail hub that is the Vaci utca, which is better known as Váci street and the surrounding streets.

There lots of different shops and restaurants can be found in district 5 and the main market hall is regarded as one of the most beautiful market halls in Europe. The mezzanine level is crammed with dozens of folk embroidery and souvenir stands, plus a pleasant cafeteria, beer and food stalls. In the basement, you will find fish, pickles and a supermarket as well as the hallowed an international foods store. Many tourists usually start their sightseeing here, as it is a very central location to explore the city.

District 5 also includes the city's main administrative area located in Lipotvaros. This area is the northern part of Budapest's District 5 and extends between Bajcsy-Zsilinsky and the Danube. Most of its buildings were constructed in the late 19th Century and many of them are of artistic beauty.

District 5 Budapest is gradually becoming the financial administrative centre of Budapest and there are many notable buildings located in this area. The Houses of Parliament, Hungarian Television, National Bank of Hungary, U.S. Embassy, Supreme Court, Ministry of Education, Ministry of Youth, Etnographical Museum and Hungarian Academy of Sciences are all situated here. There are a great number of people commuting in daily and also requiring accommodation.

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Investment Property in Budapest - History and Information

Budapest

History and Information

Property Sales and Investments

Budapest is the capital city of Hungary, it is home to a population of 1.8 million people approximately one fifth of the country's population and it possesses a rich and fascinating history. Budapest was created out of the unification in 1873 of two separate towns Buda and Pest which are divided by the beautiful winding River Danube, the City it is often referred to as the 'Pearl of the Danube'. Most of the Churches, Palaces and hotels are to be found in Buda on the west bank of the Danube and clubs, bars and nightlife are in Pest on the east bank.

Budapest is located in the Northern centre of Hungary and covers an area of two hundred square miles, divided into 23 administrative districts referred to in roman numerals, each with its own local government. Each district can be associated with one or more city parts named after former towns within Budapest. The districts are numbered clockwise, in widening circles and the middle two numbers in a mailing zip code indicate the district number.

One of the special things about Budapest are the thermal springs, sometimes Budapest is also known as the 'City of Spas' as there are a dozen thermal bath complexes served by over a hundred natural thermal springs. The Spas have a unique atmosphere and are said to have healing powers, the Szechenyi Spa situated in the City Park is the largest bath in Europe and consists of and in-door and open air part, whilst the Gellert Spa is one of the best known and popular thermal baths.

As well as the thermal baths, Budapest has some amazing caves which were formed by the thermal waters. There are over two hundred caves under the city and you can visit four of the most spectacular ones.

The city maintains its magic and charm due to the incredible architecture and a turn of the century feel. You can see wonderful sights everywhere you go, whether you are taking a stroll through the broad avenues, leafy parks or sitting on the banks of the river Danube.

We currently have investment property opportunities in Hungary located in Budapest City Centre, with prices starting from as little as £32,400 for a luxury apartment in one of the up and coming business districts making an ideal choice for a property investment.

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Hungary for a Secure Investment

Hungary for a Secure Investment

With massive private investment pouring into the country and multinationals flocking there in their droves to establish their European operation hubs - Budapest is one of the world's hottest emerging markets. And through our preferred partners based in the Hungarian capital, we can offer you a handpicked selection of well-appointed studios, apartments, penthouses and riverside lofts... starting from just £35,000!

Introducing - HUNGARY

Of the ten countries which acceded to the EU in 2004, Hungary is almost certainly the most dynamic and has rapidly evolved into one of Central Europe’s soundest and most affluent of economies.

A landlocked country bordered by Austria, Slovakia, Ukraine, Romania, Serbia, Croatia and Slovenia, Hungary has a population of 10 million, enjoys a stable multi-party democracy and is a full member both of NATO and the Organisation for Economic Co-operation & Development (OECD). It is expected to join the EMU in 2011.

Attracting more than $20 billion of Foreign Direct Investment, Hungary is the recipient of more than a third of the entire total for the Central and Eastern European region.

BUDAPEST

With the arrival of low cost airlines, an expatriate community of well over 75,000, and a whole raft of Blue Chip multinationals – including Microsoft, General Electric, Vodafone, Morgan Stanley, IBM, Siemens, Coca Cola and Ernst & Young – already having established their European centres of operations in Budapest, we have pinpointed the city as one of the most exciting of emerging markets around the globe, potentially offering property investors not only an optimal return on capital appreciation, but a rental yield, depending on location, estimated at between 6% and 15%.

A Tale of Two Cities...

In the last four years alone, more than 25,000 foreign investors – principally British and Irish – have purchased real estate in Budapest, and it’s easy to see why. A major European capital with an annual average of 2,000 sunshine hours and a whole raft of cultural and leisure attractions, Budapest is in constant demand as an A-List year-round city break destination, while its increasingly wealthy citizens and foreign workforce form a sizeable and lucrative captive rental market in a city with an unquenchable thirst for hi-spec new-build residential accommodation.

With an area of 203 square miles (525 square kilometres), Budapest is the ninth largest EU capital, a UNESCO World Heritage Site and is known as the Paris of Central Europe, the City of Spas, and the Pearl of the Danube – the river dividing Buda (on the right bank) and Pest (on the left bank).

A forward-looking university town renowned for its elegant architecture, cosmopolitan café society, vibrant nightlife, first-class shopping, chic eateries and vast range of cultural events, Budapest has the lowest cost of living of any major European city. Property prices are conservatively up to five times cheaper than in London, Dublin and Vienna, and 20% less than in Prague. Over the next few years real estate prices are predicted to rise by 17% per annum.

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Kassak Residence apartments Sales distric 13 Budapest Property Investments

Kassak Residence Apartments District 13 Budapest

Property Investments

Kassak Residence apartment sales information

Site information

Invest from: £32,800
Property types: apartments
Category: Luxury apartments
Delivery: Now
Area: District 13, Budapest

The Kassak Residence has 24 hour concierge with stunning reception area. While the luxurious living spaces include high specification sound and thermal insulation, Cable TV connection points and a remote intercom access security system.

Kassak Residence Apartments, Budapest, this new development is located in the up and coming area of Budapest called District 13, these new apartments are on a quiet and peaceful street surrounded by large green areas. The River Danube, Margit Island and the West end City Centre are all in close proximity to the development with large shopping and entertainment centre with more than 400 shops, also the city centre can be reached in a couple of minutes by underground with the nearest station being within 300m.

The Kassak Residence will be built to a high specification. They will six floors in total, all with underground parking. The building will be surrounded by a marvellous courtyard created by professional gardeners, resulting in a peaceful and relaxed environment in the heart Budapest.

In an exciting new development for District 13, the government has announced that it will move to a new quarter behind the Nyugati (western) station. The new government complex is planned to be ready by 2009. The investment of some HUF 50 billion (EUR 192.3 million). This is expected to raise the profile and investment potential of District 13.

Exclusive Apartment Features:
- Professionally designed landscape
- Parking spots and storage units are available in the two-storey underground garage
- The entrances and parking levels will be equipped with surveillance cameras
- Our 24 hour reception desk ensures our residents' comfort
- The reception desk can be directly called from all condominiums
- All condominiums come with conduits for alarm systems.

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Paulay 47 Apartments District 6 Budapest

Paulay 47 Apartments District 6 Budapest

Property Investments

Paulay 47 aparment sales information

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Invest from: £129,650
Property types: apartments
Category: Luxury apartments
Delivery: Summer 2007
Area: District 6 Budapest

Paulay 47 is located on Paulay Ede, a celebrated street parallel to both Andrassy Ut and Kiraly Ut in the centre of the golden triangle of Budapest’s 6th District.

Paulay 47 Apartments, Budapest, This superb development in the hart of distric 6 consists of two separate buildings joined by a magnificent ultra modern lift with interlinking glass corridors.

There are 10 unique apartment layouts each maximising the generous amount of light and space afforded to them by the well thought out building design.
Each apartment provides an environment that is a comfortable and inspiring living area. The apartments range in size form 46 sqm one bedroom apartments up to a penthouse of 262 sqm with its own private roof garden. The average apartment size is 60 sqm and almost all the apartments have luxurious balconies.

These modern apartments are finished to the highest standard blending the finest materials in a style to suit modern professional lifestyles, the Paulay 47 apartments are located on Paulay Ede, a celebrated street parallel to both Andrassy Ut and Kiraly Ut in the centre of the golden triangle of Budapest’s 6th District.

Traditionally Paulay Ede was the favoured address for many of Hungary’s astristocratic families and this reputation remains intact today. More importantly Paulay Ede adjoins Liszt Ferenc Sq, the centre for the cities café society and home to many of the bars and restaurants frequented by Budapest’s affluent ex-patriot community.

Landmark buildings such as the Opera house, the National Ballet School, and the Basilica are all moments walk from the building. Apartments in Paulay 47 will have both a constant rental and resale demand, therefore locking the well-informed investor into significant long-term capital growth and investment return.

Exclusive Paulay Apartment Features:
• Concierge and reception facilities
• 24-hour security
• An elegant lofted Lobby
• A large fully equipped gymnasium with changing areas.
• Elegant lift
• Stunning glass corridors linking the buildings
• Secure car parking with remote control access
• Secure storage rooms
• Large sun drenched balconies and terraces
• Large roof garden for exclusive use of building residents

For more information on Paulay 47 Apartments District 6 Budapest, then please contact us here at WW Property Investments.

Rakoczi Court Apartments District 8 Budapest

Rakoczi Court Apartments District 8 Budapest

Property Investments

Rakoczi Court aparment sales information

Site information

Invest from: £41,400
Property types: apartments
Category: Luxury apartments
Delivery: December 2007
Area: District 8, Budapest

Located in District 8 Rakoczi Court is in an great location on a quiet street adjacent to Rakoczi Square. This new development is close to several major universities and benefits superb transport links.

Rakoczi Court Apartments, Budapest, Located in District 8, the new Rakoczi Court is in an excellent location on a quiet street adjacent to Rakoczi Square.

This area is close to several major Budapest Universities and benefits from superb transport links. It is situated where the new Metro 4 line will operate from 2008, further enhancing its rental appeal.

The area around Rakoczi is to be further enhanced as there are plans for retail and pedestrianised areas around the local area. Rákóczi Court will be built to high specification by an experienced developer, the designer of the Rakoczi development has created a building that enables the most sunlight into the building as possible especially towards the inner courtyard and garden area.

Demand is expected to be high for this prestigeous investment within the hart of District 8, especially since there are only 64 apartment for sale. Investors will be pleased to note a good payment schedule and a long delivery time.

Form more information on Rakoczi Court Apartments District 8 Budapest, then please contact us here at WW Property Investments

Toscana Gardens District 9 Budapest

Toscana Gardens District 9 Budapest

Property Investments

Toscana Gardens aparments property information

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Invest from: £35,00
Property types: apartments
Category: Luxury apartments
Delivery: Winter 2007
Area: District 9, Budapest

With its distinctly Mediterranean style Toscana Gardens offers a wide range of quality accommodation for middle class Hungarian families. Toscana Gardens will also include an indoor swimming pool, fitness and wellness centre.

Toscana Gardens Budapest.
This new development comes with fine Italian style architecture and will be a unique development project in the hart of District 9, both the building and the inner courtyard will be covered with Mediterranean style stone.

Special gardens with rich vegetation and fountains will provide an atmosphere of peace and relaxation to residents. As the name suggests, Tuscan style arches will make the interior gardens even more friendly. Toscana Gardens will provide special services as well, including an indoor swimming pool, fitness and wellness centre in addition to an underground car park.

The Toscana Gardens site is located in the most emerging part of district 9, five minutes walking distance from the Danube River, with landmark buildings such as The Hungarian National Theatre, The Ludvig Museum of Modern Arts nearby. Lurdy Haz shopping mall with its movie theatre and its multitude of shops are also close by. Transport is easy and fast to the centre, using the trams and metro.

The Toscana Gardens development has 225 apartments in total, with a mixture of studio's, 1 bedroom and 2 bedroom apartments. Development includes: Tuscan-style interior gardens with fountains, encoded entrance to residential areas, underground parking, indoor swimming pool and fitness and wellness facilities.

For more information on Toscana Gardens District 9 Budapest, then please contact us here at WW Property Investments

Hungary National Airline Sold

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Hungary's Malev Airlines sold to Russian backed consortium

Airbridge, a Hungarian consortium backed by Russia's KrasAir, has bought the Hungarian state's 99.95-percent stake in debt ridden Malev Airlines for 200 million forint (793,650 euros, 1.04 million dollars), officials said Friday.

Airbridge also agreed to provide a 50 million-euro capital injection to the ailing airline and repay 13 billion forint of the company's debt by about year end, the state privatisation agency APV said in a statement.

APV is satisfied with the result of the privatisation and the sale will definitely have a positive effect on the airline, the statement said.

It was the government's fourth attempt in less than three years to rid itself of Malev, which closed 2005 with losses of 1.27 billion forint.

Malev's debts of 32 billion forint and the state's insistence until recently that the buyer assume all of it foiled earlier attempts to sell the airline.

KrasAir, in which the Russian state controls a 51 percent stake, also agreed to pay the interest by 2018 on another 19 billion forint of Malev's debt as well as to use one-fourth of future Malev profits to repay the principal.

KrasAir Chief Executive Boris Abramovich said he hoped to lift Malev out of the red as early as 2009.

We plan on returning to profitability within two years, he told a press conference in Budapest.

KrasAir, which carried 1.8 million passengers in 2005, is Russia's fifth largest airline and is also part of AiRUnion, an alliance of five Russian airlines, which together carried 4.8 million passengers last year.

Meanwhile Malev, which has a fleet of 29 aircrafts, of which 18 are Next Generation Boeing 737, carried three million passengers in 2005.

It will be the first central or eastern European airline to join the oneworld alliance when it assumes full membership on April 1. The alliance groups some of the world's biggest carriers, including American Airlines and British Airways.

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EasyJet Announcement

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EasyJet the budget airline, says it will introduce an online check-in system at Budapest's Ferihegy airport.

Using the new system passengers will be able to book flights online and also print their boarding pass. EasyJet says this will mean if you arrive with your boarding pass you only need to present it 25 minutes before your flight's scheduled departure.

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Nordea Sees Little Risk of "Imminent" Bulgarian Lev Devaluation

Nordea Sees Little Risk of "Imminent" Bulgarian Lev Devaluation

Views and Records: 22 February 2007, Thursday.

22 Feb 2007 bbj.hu

Bulgaria faces little risk that it will have to devalue the lev because ample foreign exchange reserves and investment help compensate a growing private-sector foreign debt and current-account deficit, Nordea Bank AB said.

Nordea, the biggest Nordic lender by market value, said in a report today that speculation of a devaluation of Latvia's currency, the lats, may trigger similar concerns about Bulgaria, which, like Latvia, has a currency board system that involves a fixed exchange rate.

Bulgaria joined the European Union on January 1 and will seek to enter in the spring the EU's exchange-rate mechanism, the required two-year test of currency stability, Prime Minister Sergey Stanishev said in an interview on February 8.

"Even though inflation and the current-account deficit are obvious challenges, we see a devaluation of the lev as unlikely," Nordea said. Bulgaria's EU membership and low labour costs will continue to attract foreign investment which will spur growth of more than 6%, it said. „The growth outlook is favourable." Bulgaria's currency is pegged at the rate of 1.955 lev per euro since July 1997, when it imposed the currency board system to recover from a financial crisis that closed one-third of the country's banks and fuelled inflation to 2,020%. The system bans central bank lending and requires the lev in circulation be matched by the foreign exchange reserves.

The Balkan country of 7.8 million people had the highest annual inflation in the EU in January, at 7.2%. Bulgaria's private-sector foreign debt is EUR 15 B (USD 20 B), compared to EUR 9 B of foreign exchange reserves, which produces a debt-to-reserves ratio of 1.6, Nordea said. This compares with 4.9 for Latvia. Bulgaria's current-account deficit expanded last year to an eight-year record EUR 3.87 B, or 16% of GDP.

Record levels of foreign direct investment of EUR 4 B fully cover the deficit. In Latvia, foreign direct investment together with portfolio investment cover 37% of the current-account gap, Nordea said. Foreign investment will continue to drive Bulgaria's USD 24 B economy, which grew 6.7% in the Q3 of 2006, twice the EU average.

"We compared the data of other countries in Europe with currency boards to see whether there is risk of the Latvian crisis spreading," Elisabeth Andrew, the chief analyst at Nordea in Copenhagen, said in a phone interview today. "We don't see a risk of the crisis spreading."

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Global VoIP Strategies 2007 in Budapest

Global VoIP Strategies 2007
13 & 14 March 2007
New York Palace Hotel, Budapest

VoIP has entered mainstream telecommunications technology and with global VoIP subscribers rocketing to over 23 million in 2006, now is the time to turn your eye to the latest developments and challenges.

Taking place in Budapest in March, the 8th Annual Global VoIP Strategies conference is the only event which covers a full range of up-to-the-minute issues including:

Wireless VoIP business models
VoIP service provision and delivery
IMS within the VoIP environment
Ensuring security for VoIP
Regulations impeding VoIP and VoIP and Quadruple play
Join us and learn from Skype, one of the most well known VoIP providers. Senior Director, Jonathan Christensen, will discuss how to manage risk in the VoIP environment and you can mitigate key risks and fraud in VoIP networks.

Reserve your place at this exciting event and discover where business opportunities can be found and exploited.

Places at Global VoIP Strategies 2007 in Budapest are limited so guarantee your place by registering at www.voip-events.com/booking.htm

Unspoilt Beaches around the Cape Verde Islands

Unspoilt Beaches around the Cape Verde Islands

If you are one of those many people who love long white sandy beaches, turquoise waters and the sun on your back then you will not be disappointed with Cape Verde. With miles of stunning coastline the beaches are never crowded.

Santa Maria beach is stunning offering four and a half miles of golden white sand. Enjoy long romantic strolls or simply sit back, relax and enjoy the peacefulness.

Boa Vista is home to the most spectacular beaches in the archipelago with a dazzling stretch of 22km of white powdery sands and tropical waters. Pure paradise!

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Erste real estate unit to kick off EUR 300 m project

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Erste real estate unit to kick off EUR 300 m project in JV with Alexander Finster

IMMORENT, the real estate leasing unit of Erste Bank AG, and Austrian property developer Alexander Finster are planning to jointly build 20 shopping malls in Hungary in the next two years. The estimated cost of the project is EUR 300 million.

To carry out the development, IMMORENT has brought to life a joint venture (50-50%) with Alexander Finster who has helmed similar projects successfully in Eastern Europe. Finster's key task will be to acquire properties and locate occupants, while IMMORENT will be responsible for financing and the management of the projects within the given timeframe.

The malls, which will be built in 2007-2008, will host food, clothing and electronics stores and sports good retailers.

Alexander Finster is the majority owner of Lukale Investment und Development, a company involved in a project to build a vast casino and other entertainment facilities in Bezenye, a Hungarian town of 1,650 people at the Hungarian-Slovakian-Austrian border.*

The malls are to be built at highly-frequented locations, IMMORENT's CEE Project Director Michael Hamann said. He added they had plans to carry on with the JV in other countries in CEE as well.

While the concession agreement has entered into force last October, roulette wheels are unlikely to be spun in Bezenye before 2010. In the first phase of the construction they will spend USD 550 m (HUF 110 bn) on the construction of a hotel, a casino, a bath, a conference centre and a restaurant. Eurovegas Hungary is set to start the project in April 2008 on a 240-hectare plot and wind up the first phase by H2 2010. The complex will initially give work to 1,500 people and to three to four thousand when it is completed. Bezenye mayor Robert Kammerhofer told news portal index.hu Lukale Zrt. has come and gone, we don't even know where it is. The concession tender the Finance Ministry invited in early 2006 for a complex of five casinos had a single bidder, Eurovegas (then called Venetian) that, understandably, won the tender. The Venetian Group runs two casinos in Las Vegas, the Venetian and the Palazzo.

Source: Portfolio.hu

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River Loft Apartments District 13 Budapest

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River Loft Apartments District 13 Budapest

The River Loft Apartments building represents an organic blend of traditional values and cutting edge technology. The old wing of the original factory building has been fully renovated to house loft apartments. In the new wing investors may choose from a range of modern, cosy apartments, duplexes, penthouse-apartments, as well as strategically located retail spaces.

First developed 90 years ago, District 13 is one of Budapest’s newer neighbourhoods, built for the aristocracy during a period of economic growth. A sought after neighbourhood and not too busy it may be one of the best parts of the Pest side that can still be called downtown. Clean and well kept, Szent István park was just reworked to make a beautiful walkway alongside the river in view of Margit Island.

The area is today Budapest’s upcoming district presently experiencing a building boom with numerous modern structures going up. With its tree lined streets and public parks, District 13 is especially attractive to city lovers who want a hint of country living.

In an exciting development for District 13, the government has announced that it will move to a new quarter behind the Nyugati (western) station. The new government complex is planned to be ready by 2009 with the investment of approximately HUF 50 billion (EUR 192.3 million). This is expected to raise the profile and investment potential of District 13.

The River Loft Development starts from as little as £62,280 and consists of modern cosy apartments, duplexes and penthouse-apartments.

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Avenue Gardens apartments Sales distric 6 Budapest Property Investments

Avenue Gardens apartments Sales distric 6 Budapest Property Investments

Avenue Gardens offers uncompromising luxury through ingenious architectural solutions,state-of-the-art equipment and exclusive services. Its five apartment buildings – AMADEUS, BARTOK, CHOPIN, DEBUSSY and ERKEL – offer 77 high- quality apartments ranging from 48 sqm to 185 sqm.

The classical Amadeus building, facing Andrassy Avenue, will be renovated and restored to its original beauty and grandeur. Four other apartment buildings will be newly constructed satisfying today’s highest architectural standards. Completion of the project is scheduled for October 2007.

Avenue Garden’s luxurious facilities will provide an indoor swimming pool, jacuzzi, wellness centre, sauna, a spectacular Japanese inner garden, with waterfall and fountain, secure underground parking, and a 24-hour concierge and security service. All apartments will have an integrated telecommunications system, broadband cable TV, wireless internet access, a high-tech security system and climate control.

Aveneue Gardens is an architectural masterpiece which unites classical and modern styles in a historical setting. All apartments are finished according to the highest quality standards and latest designs . Buyers can either opt for the standard, high-quality kitchen and bathroom design, or select one of the specially designed upper-standard styles - Minimal, Heritage, High-tech and Art Decco.

Avenue Gardens provides all the luxury services residents may wish for in such an exclusive environment:
Indoor swimming poolFitness, sauna, jacuzziJapaneses-style inner garden24-hour securityConcierge servicesIntegrated telecommunicationsBroadband cable TVWireless internet accessBuilt-in safes and climate controlHigh tech security system.


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