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Prices in Budapest remain lower than in other CEE capital cities. Our chosen development starts from £58,400.
Why are prices low at the moment, what is predicted for the future?
Hungary has undergone hard hitting fiscal reforms, the result of these measures now look set to aid the continued growth of the country. Wages are set to rise again and so is the demand for quality housing. With financing possibilities in Hungary improving all the time and welcome changes to capital gains tax rules, there has never been a better time for astute property investors looking for mid to long term returns.
What is the best development to buy?
We have scoured the city and are launching, what we believe to be, the best river side development, Danubia Residence.
This development is designed for young professionals and families who will enjoy the riverside walks and the ‘green’ surroundings whilst still being so close to the centre of the city.
The first phase is now available through Validus Invest.
Danubia Residence offers fully fitted apartments from £58,400 / €73,000 + VAT.
Delivery is scheduled for September 2009
The reservation deposit is 10%.
Other key facts:
- Attractive location on the banks of the Danube
- 5km north of central Budapest
- Estimated rental income of 5%
- Apartments fully fitted including bathroom and kitchen
- 200m from Duna Plaza shopping mall
- Minutes from the metro stations at Gyöngyösi út and Forgách utca (M3 line)
- Discounts available for multiple unit purchases
- Extensive green areas, cycle paths and a beachfront promenade
- 80% local mortgages available (including interest only)
Availability is extremely limited. Contact Validus Invest NOW to reserve one of the best apartments.
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