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Great location! Located by This is a large 89 m2, two bedroom flat with living room and a separate toilet with a big kitchen in the 6th district. The apartment is a 2 min walk in one direction to the main 4/6 tramline, and a short stroll over the bridge leads to Margit Island which is the largest green park space in the entire city, and another 2 min from the blue metro line located at West End City Center (one of the biggest shopping centers in Europe). The flat was completely renovated in January 2006.The bedrooms and living room faces a small street and the kitchen faces the courtyard.

Price HUF 39.900.000

Price EUR 134.000circa

Area 89 m²

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Budapest Property Market News

Real Estate Investment in Central and Eastern Europe - Tax & Legal Matters Study

February 1st 2005

This is an extract highlighting the main points of PriceWaterhouseCoopers’ study

Under Hungarian law, similar to other countries, the right of ownership is the most absolute right regarding an asset. It is easier, from an administrative point of view, and more tax efficient to acquire real property via a property holding company (regarding the administrative part, this has changed in favor of non-Hungarian buyers considerably with Hungary’s EU accession). Tax laws are relatively sophisticated compared to the rest of the region, but leave room to interpretation.

Click here to read more on basic principles, investing through a local entity, direct investment in real estate, buying and selling property and financing real estate in Hungary.

 

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1065 Budapest, Hungary
Bajcsy-Zsilinszky út 5.

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Tel: +36 (1) 219 5505
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