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Real Estate Budapest - Hungary Property

2009-02-18

Real estate Budapest

Real Estate Budapest - Hungary Property

If you are thinking of buying Budapest property, Hungary is one of the most lucrative areas where you can do that. In fact, many companies and individual investors have made significant profits by allocating their assets in properties. The capital city is one of the best places for such an investment in Hungary. As property Budapest offers the full dynamic potential for international investments here are some important points to consider when you are making such decisions:

Real Estate Budapest - Hungary Property

First of all, Hungary is an advantageous country to invest in the European Union. The government of Hungary is more investor friendly and most bureaucratic processes are shortened considerably compared to other countries in Europe. Since joining the European Union in 2004, Hungary has proven itself more than capable in financial and industrial matters. Especially in productivity, Hungary has shown over 15% increase per year since 2004.

If you invest as a company, you will pay a corporate tax of 16%, which is one of the lowest rates of corporate taxes in all of Europe. Budapest is the heart of Hungary as approximately 22% of all Hungarians live in the city of Budapest and the people of Budapest are responsible for generating % 64 of all the GDP in Hungary.

Here are some other important facets to Hungary that make it stand out as an ideal investment location:

The majority of foreign investment is done in Budapest, as it attracts over %70 of all the investment in Hungary.

Many of the Fortune 500 companies have established their European Hubs or Networks based in Budapest.
Budapest offers more than 22% lesser costs of living compared to other capitals in the European Union such as London, Paris and Rome. Thus it is an ideal place to live for investors, especially with the rising costs of fuel and food all over the world.
Budapest offers 15% to 25% lesser prices for buying property compared to other cities in Europe. Thus this allows for greater percentage of property investment in Budapest.
However even though property prices may be lower compared to other cities in Europe, the rate of appreciation is considerably higher compared to other cities. Since Hungary has joined the European Union in 2004, the properties in Budapest have recorded an average of 11% increase in prices each year. Thus by buying a property in Budapest; you will be able to make money by reselling your real estate in a short period of time (such as 2 to 3 years)
Depending upon the exact location in Budapest, you can make between 6% to 17% yield from your monthly rental, from the property that you own. This is one of the highest ratios in Europe, as you can make the principal that you have used for investment, in as little as 5 to 10 years.
With various investments by different European Airlines such as British Airways, Budapest has become an international hub for air travel in Europe.

Without doubt Real estate Budapest - Hungary property is a wise to choice to relocate your capital. With the state of the current climate, future prospects are exceptionally favorable compared to neighboring countries in terms of capital security and long-term growth prospects. A well researched investment today will certainly yield substantial returns in the very near future.