Budapest property tipped for rental investment

Tuesday, May 5th, 2009
Those buying Budapest property may find some of the best rental yields in Hungary by doing so, it has been suggested.

Commenting on the prospects for the Hungarian market, director at Write About Property Liam Bailey said the cheapest properties of all were to be found in the rural areas, but cities offer better prospects for "lifestyle" purchasers.

Discussing letting prospects, he commented: "At the moment, the rental yields are probably going to be slightly better on apartments in the cities than the rural areas."

The Hungarian market is generally stable, with neither exceptional rises in value or large falls, Mr Bailey noted, a factor that could appeal to Budapest property investors who can see the value of avoiding a boom-and-bust market.

Another positive factor in favour of Budapest may be its growing infrastructure.

Budapest Airport said earlier this month that work on a new Terminal 2 building at Ferihegy Airport will start shortly, while a fourth line to the city’s underground Metro system is under construction.

Visit Rightmove Overseas for the best selection of Budapest property. Stop dreaming, start searching!
ADNFCR-1848-ID-19152562-ADNFCR

Tags: ,
Posted in Articles | Comments Off

Budapest property seekers in potential airport boost

Thursday, April 16th, 2009
Budapest Airport has said construction work will start on a new terminal at the end of this month, it has been revealed.

The Terminal Two Sky Building will commence later this month to enhance the existing facilities there, Portfolio reports.

It is part of a project of improvements at Ferihegy Airport that will cost €261 million (£230 million) over the coming years.

This will include increasing check-in capacity to speed up the process of passenger transits, while there will also be more retail and catering space.

Such improvements to the airport may help attract more Budapest property seekers to the city.

Another infrastructure improvement that the city is seeing is the construction of a new fourth line to its underground system, which may create new Budapest property hotspots in areas getting new stations.

The Budapest Metro is the second oldest underground rail system in the world behind London, having started running a few months before the Glasgow Subway in 1896.

Visit Rightmove Overseas for the best selection of Budapest property. Stop dreaming, start searching!
ADNFCR-1848-ID-19123567-ADNFCR

Tags:
Posted in Articles | Comments Off

Budapest in line for major new development

Monday, September 8th, 2008
A new residential development in Budapest is set to go ahead after a major land acquisition deal was announced.

Property development firm Nanette Real Estate Group has revealed that it has bought a 324 acre freehold site in the Hungarian capital for €115 million (£92.6 million)

The firm is planning to construct 1,800 apartments with a net saleable area of 90,000 sq metres.

Announcing the deal, the company stated: "It highlights the Group’s commitment to Hungary and its belief that the Hungarian economy will continue to grow, sustaining the demand for new high quality housing for the urban middle classes."

This vote of confidence in the prospects for the Budapest property market may encourage others considering an investment there.

Last month, Homesgofast.com reported that the city was in line for a major potential tourist boost, with plans for a large Las Vegas-style entertainment complex in the city - including a casino - receiving planning permission.

Visit Rightmove Overseas for the best selection of Budapest property. Stop dreaming, start searching! ADNFCR-1848-ID-18768502-ADNFCR

Tags:
Posted in Articles | Comments Off