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7 Steps of Purchasing Property

A Sample Purchase

 

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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 Purchase Guide

7 Steps of Purchasing Property

1. budapest's Appeal Step 2 Step 3 Step 4 Step 5 Step 6 Step 7

Step 1 - Select the place for your investment

  • Educate yourself about the market!
  • Focus on the location – both macro and micro!

Imagine if you had the possibility to go back in time and purchase property 20 or 30 years ago …for instance in your home country or any other part of the world. This of course is only fiction but luckily history tends to repeat itself and looking at countries having recently joined the EU, you are about to get a second chance.

Did you know?

Did you know that the price of real estate has increased by more than 100% in the past 4-5 years? At present average property prices are from €1200 to €1800/m² which is still lower than for instance Dublin at approximately €4000/m² or London at €4400/m² not to mention Paris at €7600 /m².

Join a real estate market that is about to experience the same events that occurred in countries that have been EU members for years.

The Hungarian GDP figures are to improve to EU levels in 10-15 years’ time. Economists are predicting a steady and well above EU-average growth for the forthcoming years (and decades!), meaning that Budapest – the driving force between the Hungarian economy’s performance – is to attract more and more investment.

 

 

Q & A Questions & Answers

Q: What is the average price per m2 in central districts?

Square meter prices in the most popular downtown districts are on a steady and dynamic increase. Comparable data shows that 2003 prices were ranging between €500 and above €2000, however there are huge differences, depending on the condition of the property, location and other important factors Capital Real Estate consultants advise you to carefully consider before buying in.

Q: Have I missed the boat, is it too late to invest?

Absolutely not. Property prices, as it probably had happened in your country, increase gradually. History tends to repeat itself and extensive market researh shows that prices will continue to increase. Budapest prices are still well below the level that a major European capital should be at.

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contact information

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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