New 5 star luxury gated development in a prime location in Hurghada city centre.Apartments from only £19,964 to £60,000 Easy Payment Plan More »
BUYING PROPERTY IN HUNGARY
Investing in Hungarian Property may seem a little left field but lets concentrate on the figures rather than the location for a moment...Increases of 63% in Hungarian property prices as a whole. In the capital Budapest property prices rose by 60% during the same period.
Since 2003 this growth rate has been a steady 15-20% with rental income continuing to boast a minimum yield of 6% and rising to around 15%.
Hungary is providing property investors with a combination of good capital growth and steady rental yields, plus it has one # of the wealthiest and most stable economies in Eastern Europe where you can still buy a brand new luxury apartment for less than £28,000.
Despite its austere, communist past, Hungary is a heart-stealer. Visitors are lured back time and again to sample its rich wines, lounge in its thermal spas, absorb the graceful ambience of Budapest and sail on Europe's largest lake, Balaton.
The country has all the luxury of Western Europe with a Magyar twist and only half the cost. Its graceful capital Budapest has a lively arts, cafe and music scene, and is host to a range of cultural and sporting festivals. More »
The Hungarian Economy
Since the collapse of communism Hungary has made the transition from a communist party state one-party state to a modern democracy and market economy. The present government is the third to have been elected since the reintroduction of democracy in 1990.
Successive Hungarian Governments have pursued a policy of privatisation and deep reconstructing of traditional industries, with the result that over 80% of the economy is now privately owned. More »