ALL >> Real-Estate-and-Foreclosure >> View Article
Buying Budapest Property

Budapest, the capital of Hungary, is a beautiful city with temperate climate and attracts property buyers for convenience that it offers. The city has made successful transition from socialism to capitalism. This has been reflected in the real estate market as well with relinquishing of sate control on housing and new modern, fully furnished apartment block replacing old style traditional residential buildings.
Property investment is a good option in Budapest because its property price are cheaper than other European capital cities .The European accession has brought considerable foreign investment in the property market with 70% of the total foreign direct investment in Hungary is poured into Budapest alone. Due to booming economy the demand for rental homes is on high and rental returns are pegged at 5%-6%.
The property appreciation averages between 10%-16% and is following the upward trend. Hungarian banks offer easy loans to finance purchase of property up to 70% price of the property. The loan is generally granted for a maximum period of 20 years. Hungary has lowest corporation tax rates in all of Europe ...
... at 16%. Often investors buy apartments to rent them out and real estate companies offer such arrangements. The legal system is hassle free and legal costs add up to 1% of the total property cost. It takes about one or two months for the sale to get complete.
It is often advisable to buy property through a company for availing taxation benefits with total cost of company formation is as low as 750 pounds. Vat is applicable on property transactions.
The government offers a grant of 10% to Hungarian nationals for purchase of residential apartments. According to the report of Economist Intelligence Unit (EIU) ,leading non investment banking analyst, Budapest is the best city to live in with good facilities and infrastructure among the newly entered cities in the European Union .
Add Comment
Real Estate and Foreclosure Articles
1. Tru Meadows Kondhwa Budruk: Discover A Lifestyle Rooted In Nature And Nurtured By ComfortAuthor: Armaan
2. What Are The Top Investment Strategies For Uttam Nagar In Delhi/ncr In 2025?
Author: Sanvi Real Estate
3. Save On Endoscopy Charges In Singapore: Tips For Smart Healthcare Spending
Author: alpsclinic
4. Sbk Real Estate Dubai: Your Trusted Partner In The Uae Property Market
Author: MyRealEstate Prop
5. Understanding Zoning Laws And How They Impact Property Value
Author: Taksh Infra
6. Sell House Fast Cash St Petersburg Fl – The Smart Seller’s Guide
Author: Mike
7. Top Reasons Garage Doors Fail Without Warning
Author: DEN Garage Doors
8. Enhance Spiritual Spaces With Elegant Pooja Door Accessories And Thoughtful Design
Author: Artisticks
9. 4s The Aurrum, Sector 59 Gurgaon – Is This The Luxury Investment You've Been Waiting For?
Author: SRV Homes
10. Find Commercial Property In Delhi Within Your Budget On Hub And Oak
Author: Hub and Oak
11. Vihang Luxuria X Factor, Mira Road – Spacious 1 & 2 Bed Homes With A Lifestyle Upgrade
Author: GR Ansari
12. Benefits Of High-return Property Investments In India
Author: codename oxygen
13. Migsun Alpha Central – The Future Of Commercial Spaces In Greater Noida
Author: Gr Ansari
14. Child Development Centre Hyderabad: Supporting Special Needs & Learning
Author: neurolinkrehab
15. Uae Real Estate – Hudayriyat Island: Wadeem Project Launches
Author: Karthika