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Featured Property

This is a 91m2, three bedroom, classic apartment at the foot of Margit Bridge in Pest’s mainly residential, though still central, 13th district. The building features elevator, a well-maintained stairwell and a great view to the Buda Hills, taking in the Danube, the Margit Bridge and Margit Island. Public transport and a small park are both on the doorstep. Spacious layout, with rooms reached from a central hallway, given the wonderful location and the quality of the building, offers outstanding potential. Rooms are large, and retain all original parquet flooring, doors and windows.Currently is operating as an office. Ready to move in. Because of its location its good opportunity.

Price: HUF 35 000 000

Price: EUR 129 000 circa

Area: 91 m²

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INVESTOR CENTER Research

Price increase between 1999 - 2003

District 11. - 246% Increase District 12. - 177% Increase District 1.  - 171% Increase District 2. - 159% Increase District 3. - 220% Increase District 22. District 21. District 23. District 20. District 19. District 18. District 18. District 17. District 16. District 15. District 4. - 201% Increase District 9. - 246% Increase District 8. - 234% Increase District 5. - 187% Increase District 7. - 242% Increase District 6. - 219% Increase District 14. - 198% Increase District 13. - 236% Increase

The image on the right shows the districts of Budapest. Move your cursor over any of the district and you will be able to see the increase of Budapest real estate prices between 1999 and 2003 in the given district. (Research based on the data published by the Hungarian Central Statistical Office.)

 

 

 

 

 

 

Research

With a strong emphasis on thorough market research supporting You to make a well founded choice, we regularly conduct an analysis on not only the housing market, but the economy as a whole. With economic growth as an important factor in determining housing prices, we will most probably experience a steady and long-lasting growth in the price level. The findings of the research:

  • Hungary ’s GDP growth has constantly been outperforming those of other EU-15 countries, due to the convergence process brought about by both EU and EMU (European Monetary Union) accession plans.
  • Economic activity in the form of GDP growth is higher than most other CEE countries and the forecast for above average growth is promising.
  • Looking at future economic growth outlook by The Economist Intelligence Unit, Hungary’s GDP is bound to reach EU average level in only a decade, thus providing an upside potential for real estate prices.
  • Based on a recent survey of Jones Lang LaSalle 70% of all investments into the Central-Eastern-European real estate market are focused on the Hungarian and Czech markets.

Based on recent research by the National Bank of Hungary, we have found that due to the proven correlation of GDP and real estate price growth, Hungarian real property investors have an attractive opportunity in realizing premium return on their capital as opposed to investments in other European countries.

Major driving factors of GDP growth will remain: the steady growth of the services sector, immense investments into infrastructure expansion and enhancements and also the productivity increases of the economy making up for the lost years of the early ‘90s.

 

Build your market expertise by reading on these articles

Real Estate Investment in Central and Eastern Europe

Prague and Budapest most favored investment targets in Europe

Hungary's commercial market second only to Czech Republic

 

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1065 Budapest, Hungary
Bajcsy-Zsilinszky út 5.

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Tel: +36 (1) 219 5505
Fax:+36 (1) 219 5504

 
 
 
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