Budapest, capital city of Hungary is the seventh largest city in the European Union. An idyllic mixture of the old and the new is felt here in this beautiful city, located on the Danube River. Budapest became a single city occupying both banks of the river Danube with the amalgamation on 17 November 1873. At this time the right-bank called Buda and Obuda together the left eastern bank Pest.

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Budapest became a single city occupying both banks of the river Danube with the amalgamation on 17 November 1873. Modern day Budapest is a charming cosmopolitan location where property prices are on the increase. Budapest had undeniable charm and style.

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- The economy in Hungary has been consistently growing 2% faster than the rest of the EU.

- This Economic growth has been fed by growing exports and the continued influx of foreign capital

- In 2005 GDP grew by over 4% and 2006 expects similar

- The Hungarian communication system has rapidly improved to reach world standard over recent years

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- In inner Budapest property market has an absorption capacity of 90%

- During the first 6 months of 2006 developers sold apartments in 529 Budapest projects (29,700 homes)

- Over the last three years prices have gone up 15-20% each year in central Budapest

- Budapest rental fluctuate between 5-7% returns

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