Why to Invest in Budapest?
- Because
Hungary is a stable country, which respects the right to private property, and where laws are clear and transparent.
Budapest is one of Europe’s most attractive and popular cities.
Real estate prices are 2-3 times lower in Budapest compared to other major European capitals. The price of studios starts from EUR 50,000 and that of 2-room apartments from EUR 65,000.
Real estate prices in Hungary fell in 2008 and 2009 and remain low. This provides a unique opportunity to "enter the market at its low".
The price of new apartments in Budapest is EUR 1,800-2,500/m². These figures are the reason behind the popularity of Budapest among Hungarian and foreign investors purchasing apartments for subsequent leasing.
The number of high-standard modern apartments available for rent is limited, making them easy to rent out.
European integration and growing wealth in Hungary will entail an increase in real property prices. Moreover, growth will occur at a higher rate than in Western Europe.
There is no annual tax on real property in Hungary.
There is a developed and modern banking system, modern telecommunications and new motorways.
The regional centres of many international companies are located in Hungary. They include ExxonMobile, Morgan Stanley, British Petroleum, IBM, Microsoft, SAP, and Tata.
