Hungary joined the EU in 2004 and in terms of investment and tourism growth, it is second to none. Compared with other EU countries, property prices in Hungary are relatively low with the average price of a property in Dublin being more than four times the price of its Hungarian equivalent. Picture Ireland and in particular, Dublin ten years ago – this is where many economists and property experts believe Budapest to be at present.
Hungarian investors have experienced unprecedented growths in their property values in recent years. Typical levels of appreciation for properties in well-located areas have been seen between 10-15% per annum and coupled with an average rental yield of 6%-8% for an apartment, Hungary is an exciting investment to add to your portfolio.
Budapest
Hungary’s capital Budapest is on its way to becoming one of the biggest economic engines in Eastern Europe. With its architectural beauty and financial growth, it has become an ideal target for property investors.
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