Why Invest in Property in Budapest?
Budapest the capital of Hungary also previously known as the Paris of Eastern Europe due to the beautiful architecture that the city provide is still very much one of Europe cultural and investment hot spots. Due to low operational cost big companies like General Electric and IBM have opened offices here. Big industry, large number of universities and professionals fuels the rental market. Hungary offers clients a relatively safe investment which could potentially achieve a consistent capital appreciation of 12-15% and potential gross rental yield of 4-6%. Aquarius Properties Abroad list over 10 new off-plan developments and several classical apartments in District 5, District 6, District 7, District 9 and all the surrounding districts.
- Population: 10,006,835 (July 2005 est.)
- Birth rate: 9.76 births/1,000 population (2005 est.)
- EU member since May 1st 2004.
- Strategically located as a distribution point for Europe
- Over 60% of the country’s commercial activity takes place in Budapest
- Highly Skilled and Educated Labour Force
- Progressive and Efficient Infrastructure including metro, trains, trams and buses
- Excellent potential for Capital Appreciation
- First Country in Central Europe to join the World Bank and IMF
- First Country in Central Europe to join NATO
- Foreign Direct Investment Growth Rate of 45%; 30 Billion FDI since 1989
- 70%- Of FDI injected into Hungary is allocated to Budapest
- 3.5%- GDP Growth Rate in 2004; 4% Projected for 2005
- 5.2%- Unemployment, low in comparison to European averages.
- 1/3 - Apartments in Hungary needs renovation; 20%-
- Of the Population (2 mil.) lives in Budapest
- Real Estate Yield in Hungary is higher than most Western European countries