Situated in the heart of Europe, Hungary is a kidney shaped country with a unique place in the soul of the continent. It is a land-locked country, surrounded by various countries like Austria, Romania, Ukraine, Slovakia, Croatia, Slovenia and Serbia. With its capital at Budapest, Hungary boasts of some of the richest manors and castles in Europe. With a large number of people from around the world visiting Hungary for both business as well as pleasure, the Hungary real estate market is blooming.
Most of the expats who work in the country have, without fail, fallen in love with this beautiful city. If you are planning to start a business in Hungary, you will find numerous options for commercial real estate in Hungary, that too at affordable prices. With such great Hungary real estate listings available, you will surely be able to set up a decent business with almost nothing. The country presents the opportunity for unfettered capitalism due to the ideal business environment that it offers.
Currently, the international real estate market in Hungary offers noteworthy capital appreciation and can be foreseen to continue the same trend in the future. The classic and traditional properties in the city of Budapest have been witnessing an appreciation at the rate of 20 to 35 percent every year and more over the last few years. Besides this, a property owner can expect a Hungary rentals income of around 6 percent on good properties at good locations. A fully furnished flat will earn even more rental income.
Hungary emerged well from the post-soviet era with a better financial standing that any of its neighbors, and this economic benefit has increased further over the years. It has also been the main beneficiary of the increasing foreign investments, due to which it has seen an exceptional growth in Hungary real estate investments. With companies like Samsung, Electrolux and Audi making investments in this country, the real estate in Hungary is expected to get even more exciting and brighter.
There are various other factors due to which buying Hungary real estate has become extremely attractive. The taxes on capital gains have been declining steadily over the past several years and are expected to move further lower. International real estate investors also get various tax benefits if they buy property as a corporation.
According to various researches, it has been found that Irish investors purchase around 40-60 flats per week in Hungary. Investing in Hungary real estate is not a recent occurrence, international real estate investors have been purchasing properties in this country for past many years, and those who did investment have received tremendous appreciations during that period.
The typical monthly rental for a two bedroom apartment in the city of Budapest is around ?750. On the other hand, the property price for a two bedroom real estate in Hungary is around ?75000. These prices make Hungary one of the most in-demand international real estate markets in the world.
Taylor White is an international real estate investor and leading the charge at International Real Estate Listings the worldwide leader in Hungary real estate for sale and Hungary real estate listings. Hungary real estate owners, agents, and developers are encouraged to create an account, upload an unlimited number of listings, write as much creative property details, include a You Tube property video, and it will be activated as a basic listing for 6 months, free.
Source: http://www.greenball.info/55706-hungary-real-estate-investors-guide-by-taylor-white/
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