Budapest is the capital of Hungary and straddles the River Danube, and is comprised of 23 numbered districts.
The numbers run clockwise out from the middle, with the most central districts having lower numbers and, usually, higher prices.
The districts all have differing attractions. District VI, for example, is home to the best cafes, theatres and the opera house, while District IV, which is on the Danube, offers clean air and easy access to the centre.
But investors willing to take a risk may want to look further afield, for example to District VIII, which has recently been the subject of much investment, or District X, which used to be an industrial area.
Although there has been a huge amount of new construction, tenants are still out there, and rental incomes are covering foreign investors’ mortgages. In terms of capital growth, this is no high-risk, high-profit emerging market. Although the city has seen huge price rises in recent years, it now looks set for more moderate growth, and investors are tempted more by stability than high profits.
- Budapest is known as the ‘pearl of the Danube’
- The country has been a member of the EU since 2004.
- With hopes of accession to the Euro before too long, it’s considered a good long-term investment.
- A thriving city that effortlessly combines beautiful architecture and a buzzing arts scene
- Commerce accounts for 60 per cent of the country’s GDP.
- Numerous airlines, including the low-cost carriers fly from the UK in 2 hours
- The city’s blend of students, workers, and business people, many of whom need to rent property, has been noticed by international investors
Contact GEM Invest for more information on investment properties in Budapest