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100,988.50 EUR Apartment Sell Hungary

Property Attributes

  • ReferencesLTAS-T375588
  • Price100,988.50 EUR
  • LocationHungary
  • Address
  • Part of cityNot specified
  • StatusSell
  • TypeApartment
  • Floor size0.0
  • Rooms0
  • HeatingFirsttimeuse
  • ConditionFirsttimeuse


  • Size
  • Double glazing
  • Parking space


This is an excellent investment opportunity with finance available and Prices starting from ??60,000 including VAT and Legal FeesCapital Growth of 12%Corporate Rental Contracts??? No Capital Gains Tax for investors after 5 years ??☼ 16 Residential units☼ 2 Commercial units☼ Underground parking☼ 0.5 kilometres away from the Medical University and hospital☼ 2 minutes walk from the tram station☼ 5 minutes walk from the underground stationThe project completes in August 2008. This complex is ideally located just opposite one of the few musical academies in the city, which was established by Franz Liszt between 1904 and 1907.The medical university and Budapest's main hospital are both 0.5 kilometres away from the complex, making it an incredibly well located place to live for employees of hospital and students at the university.The public transport in Budapest and the apartments are situated only a couple ofminutes away from main transport links.The tram station is 2 minutes walk and the underground is 5 minutes walk both of which take you into downtown Budapest in just 5 minutes.??Location / Vicinity District IXThis district is the new up and coming area of Budapest that is currently undergoing aprogramme of regeneration.There are a number of modern bars, caf??s and restaurants that are currently underconstruction in this area. The local government is also investing heavily in the continued development of this district.Off plan developments near the pedestrian streets are highly recommended for real estate investors seeking quality investment opportunities.The area also benefits from well-appointed streets and squares with careful trafficconnecting the residential areas of Ferencvaros with the historical downtown,allowing them to assume lively big-city characteristics.The district is continually developing, its renewal is ongoing, with more and morebuildings becoming notable landmarks as part of the capital city.The area is highly recommended as an upcoming district with price rises averagingbetween 9-15% per annum.District 9 is one of the new hip spots in the city for young people buying their first flat.Located nearby are the universities with many foreign students who are looking forapartments to rent, especially on the blue metro line.The New National Theatre is located close by as well as the more centrally located Raday Ucta, which is one of the best streets in the area for restaurants and bars.??Budapest property prices are significantly undervalued, with year-on-year prices rising by between 10 and 20% since 2004. ??Following a 17% per cent increase in the first six months of 2005, revenue generated by tourism is predicted to more than double between now and 2010.70% of all foreign investment is made in Budapest.Rental yields of anywhere between 6% and 15% depending on location.Predicted to be Europe's logistic centre of the future, Hungary's 16% corporation tax is one of the lowest rates in the EU. ??Of the 10 countries joining the EU on 1 May 2004, Hungary has proved to be the most dynamic, with one of the most stable and wealthy economies in Europe. ??There is a serious scarcity of suitable building plots in the city.More than 45 of the 50 largest Blue Chip multinationals have already established their European hubs in Budapest. ??A shortage of hi-spec new-build accommodation in the city centre (where much of the residential accommodation is in need of renovation) has resulted in a captive rental market driven by increasingly affluent citizens and foreign employees. ??Budapest is the European capital with the lowest cost of living and consequently the lowest property prices.20% of Hungary's population resides in Budapest which generates 60% of Hungary's GDP. ??Budapest is an increasingly popular year-round city break destination due to its enviable climate, rich cultural heritage, wide-ranging cosmopolitan appeal and world-class transport infrastructure.Already served by budget airlines such as Easyjet, Wizz Air and British Midland (in addition to scheduled flights by British Airways and Malev). ??BAA's successful 2006 bid for a 75% share of Budapest's Ferihegy Airport signals the way for further expansion and modernisation making Budapest a future mainstream hub for flights throughout Europe and beyond.??


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