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BUDAPEST Property, BUDAPEST Real Estate
 With the arrival of low cost airlines, an expatriate community of well over 75,000, and a whole raft of Blue Chip multinationals including Microsoft, General Electric, Vodafone, Morgan Stanley, IBM, Siemens, Coca Cola and Ernst & Young already having established their European centres of operations in Budapest, VIVA Estates have pinpointed the city as one of the most exciting of emerging markets around the globe, potentially offering property investors not only an optimal return on capital appreciation, but a rental yield, depending on location, estimated at between 6% and 15%.
A Tale of Two Cities...
In the last four years alone, more than 25,000 foreign investors principally British and Irish have purchased real estate in Budapest, and its easy to see why. A major European capital with an annual average of 2,000 sunshine hours and a whole raft of cultural and leisure attractions, Budapest is in constant demand as an A-List year-round city break destination, while its increasingly wealthy citizens and foreign workforce form a sizeable and lucrative captive rental market in a city with an unquenchable thirst for hi-spec new-build residential accommodation.
With an area of 203 square miles (525 square kilometres), Budapest is the ninth largest EU capital, a UNESCO World Heritage Site and is known as the Paris of Central Europe, the City of Spas, and the Pearl of the Danube the river dividing Buda (on the right bank) and Pest (on the left bank).
A forward-looking university town renowned for its elegant architecture, cosmopolitan cafι society, vibrant nightlife, first-class shopping, chic eateries and vast range of cultural events, Budapest has the lowest cost of living of any major European city. Property prices are conservatively up to five times cheaper than in London, Dublin and Vienna, and 20% less than in Prague. In the city centre, according to Budapest-based market researcher GKI, prices are expected to increase by 15% this year.
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Property In BUDAPEST News
Somehow Budapest managed to duck the ravages of post-war brutalist architecture, says Andrew Eames. Today, its glories intact, the city is favoured by discerning homebuyers from abroad
Twenty years ago, a traveller wandering the streets of downtown Budapest would have found himself among silent, brooding walls of once-magnificent but sorely neglected, late-19th century apartment blo...
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http://www.telegraph.co.uk/property/
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Budapest Hungary
8/9/2007 10:29:22 PM |
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Wikipedia: BUDAPEST
Wikitravel: BUDAPEST
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