Budapest Real Estate

Budapest is currently the best location for real estate investment in Central Europe and beyond. The number of real estate investments available run the gamut from houses, apartments and condos to offices and warehouse space located in and around the city. Hungary is strategically located in Europe, and Budapest is in turn located in a prime spot to serve as a hub for the tourism industry.

Budapest has experienced rapid growth in the past six years as the demand from the local and ex-pat market for luxury apartments in the capital city have skyrocketed. Investment agencies offer the local view on prospective investments and can smooth they way to make investigation and purchasing hassle free.

The competitive prices in Hungary set the country apart from the rest of Europe, as apartments can be picked up for a third of what comparative real estate goes for elsewhere. The presence of full loan and mortgage services is another factor that encourages people to invest on real estate in Budapest. Comprehensive services available include real property search, investment advice and consultation, and property management services to completely cover all needs.

The investment consultants are part of a network designed to properly service all aspects of real estate transactions, including legal and tax matters in order to better serve each client’s best interests. Customer service in Budapest is highly rated, and the workforce is one of the most productive in Europe, creating an excellent support base for all transactions.

Budapest is economically sound and culturally unique - many compare the festival city to Manhattan and Paris. The rich culture and history of the area is matched only by the grandness of the architecture and the friendliness of the population. Folk art, music and dancing make up a large portion of the city’s pastimes, and visitors and locals alike celebrate the cuisine and diverse tastes it embraces.

25 billion Euro investments came to Hungary along with its induction into the EU - another 25 billion worth of investments is ultimately expected from the private sector. The enormous real estate boom of the past six years is encouraged to continue (albeit at a slower rate) by the implementation in 2008 of a no capital gains tax policy for investors that owned property in Budapest for over five years. This alone is an incredible incentive to invest in Budapest.

If the current trend of gradual stabilization and steady if slow growth continues, Budapest will remain the primary source of medium term high yield investment property in Europe. The intensive infrastructure projects being planned include upgrades to public sanitation and improved transportation venues, which will cause the property values to keep rising, making Budapest the most sensible choice for foreign investment.