Property description:

VIEWING TRIPS FROM ONLY £69 ! DO NOT MISS OUT !!

With Hungary being the hidden jewel of the European Community the investment and holiday possibilities are endless. Do not miss out on this growth market !

This is a wonderful country with the romantic city of Budapest as its heart. Lake Balaton to the west of the city is the largest freshwater lake in Central Europe. The area is renowned for its thermal spas, and its wide variety of country persuits.

Hungary offers something for everyone, from a place to retire, holiday homes, investment opportunities or holiday breaks.

We can offer a service second to none. We have properties in all price ranges to suit all kinds of investors. We will meet you at the airport and show you around these properties so leave Hungary with a true feeling of the Hungarian experience

REASONS TO INVEST IN HUNGARY

Of the ten new EU members in May 2004, Hungary has proved to be the most economically dynamic. What’s even more encouraging for current and future investors is Hungary’s insatiable appetite for ensuring its continuing economic growth.

Since Hungary ceased to be an Easter Bloc country early bird investors have benefited from unprecedented property price rises. Between 1999-2003 the country experienced 63% capital growth.

Between 2003-05 this growth rate has since steadied to a very respectable 15-20% with rental income continuing to boast a minimum yield of 6% rising to around 15%.

There are a number of solid reasons why Hungary’s economy should continue at its current pace and for property investors to feel secure that there is still more to gain from buying property here. One look at its economy post-Communism shows Hungary has exemplified one of the most progressive and developed financial systems in Central and

Hungary’s ‘sustainability factor’ comes down to the fact that its economy is underpinned by a diversity of wealth-creating sectors, mostly from EU-integrated trading partners, which will allow Hungary to continue on its path of ‘real convergence’ with richer EU

The rule of law in Hungary is sound and follows EU directives. And if you want to rent out your property, there are legal procedures in place that ensures the relationship between the landlord and the tenant is manageable. A Hungarian Bank account isn’t necessary, although this may be convenient if you propose to rent out the apartment, to avoid frequent currency transfers.

Buying a property in Hungary is as straightforward as buying a property in the UK. The biggest difference is that while the UK market has levelled out, Hungary still has years of growth ahead.”

The key to Hungary’s continuing drive towards economic success will be in its bid to ensure the Forint is exchanged for the Euro by 2010. This target will undoubtedly encourage ministers to implement sensible policies that maintain a stable economy with low inflation and good growth opportunity.

So as Hungary looks forward to exchanging its currency, so too investors can look forward to reaping the financial rewards of the government’s determination to sustain and improve upon Hungary’s past few years as a bona fide growth marketplace.



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