0 matching properties in Budapest

Neighbouring areas

  • Martonhegy
  • Szechenyitelep
  • Varosmajor
  • Budateteny
  • Kelenvolgy
  • Kis-Gellerthegy
  • Kelenfold
  • Budafok
  • Obuda
  • Buda

Budapest
PROPERTY PRICING STATISTICS

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About Budapest

<p>Hungary forms a strategic gateway between Western Europe and the developing East, and includes advanced transportation routes between Western Europe and the Balkan Penninsula, and from the Ukraine to the Mediterranean basin. The government continues to invest in infrastructure improvements, including transportation upgrades, technology, financial and business services, and education.</p> <p>The investment climate in Budapest city is turning the heads of many property investors today. Economic growth in Budapest is many times greater than that of Hungary at large and 60% of all foreign capital invested in Hungary is received in Budapest. The city has emerged as the key financial and commercial centre of Central Europe causing investor appetite to remain very strong while it is currently fuelled by the prospects of rental growth within the office market. Companies that have already established regional service centres in Budapest include General Electric, Nokia, General Motors, Sykes, Avis, Philips Alcoa, and EDS. With a multilingual, educated, skilled and motivated workforce, Budapest continues to attract growing investment from foreign companies, all of whom need land, premises and accommodation for their enterprise.</p> <p>Investors are already experiencing very high returns on capital and in some districts annual growth is in the range of 9 to15%. In line with local demand, returns are typically greater with newly built and off-plan properties. Property prices in Budapest remain far below the EU average, particularly when comparing to other major cities. 1 bedroom apartments start at &pound;30,000 (EUR 45,000) and 2 bedroom apartments at &pound;53,000 (EUR 79,000). <br /> <br /> In addition, investors benefit from the lowest corporate tax rate in continental Europe at 16%, plus significant tax allowances. Benefits of EU membership include simplified customs administration, stress free cross-border movement and transparency in legal and tax systems. Hungary has also negotiated a number of free trade agreements beyond EU borders.</p> <p>The Economist Intelligence Unit (EIU), one of the world's largest banking analyst organisations, has ranked Budapest as the top place to live among newly entered EU cities.</p>