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.

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Hungary is good value, Brits told

Thursday, February 5th, 2009
Destinations in eastern Europe still offer good value despite recent currency fluctuations, it has been claimed.

In comments that may encourage those investing in Budapest property, Rob Innes of flight comparison site Skyscanner has identified Hungary as one of the cheapest places to go, in spite of the exchange rate between the pound and euro.

He advised people against basing travelling decisions on whether a country is outside the eurozone, arguing that nations such as Norway and Switzerland remain more expensive.

"Just because a country is outside the eurozone, it doesn’t guarantee low prices, because many non-euro currencies have also strengthened against the pound," he explained.

Investors considering buying in eurozone areas, perhaps in Budapest property, may wish to take note of his comments.

Additionally, people thinking of purchasing Budapest property may benefit from interest rate cuts announced by the National Bank of Hungary recently.

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