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| Web Site: http://www.wwpropertyinvestments.com |
Updated Information on Investment Budapest
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Email: info@wwpropertyinvestments.com |
| Keywords: Buy Budapest Investment Property |
| Update Date: 1/12/2007 2:48:24 PM |
| Hits: 103 |
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Descrption:
Updated Information on Investment Budapest
We provide first hand experience of the buying process involved in investing in the exciting emerging property market of Budapest in Hungary. We also provide access to the most viable investment property for sale in Budapest including extensive re-sale and new developments available within the city.
Properties for sale in Budapest fall into predominantly three categories:
Old apartments in poor condition requiring total renovation
Old apartments that have been renovated requiring only furnishing
New apartments for sale in purpose built developments
In comparison to other European property markets exciting returns can be made from investment in property for sale in Budapest. Between 1999 and 2003 prices for property in
Budapest increased by 60% Aside from capital growth, rental incomes can yield up to 5-6%. Since entry into the European Union prices have risen steadily and currently hover at around 25% of those in the UK. Arena Estates can help you find a riverside apartment in a vibrant European capital at rock bottom prices.
It is important to decide whether one is interested in an older property, which may require renovation, or simply investment into one of the new developments in the city. Below may be found a typical case study for the purchase and renovation of an older property in one of
Budapest's most popular districts.
In 2000 a property bought in District V on Szent Istvan Kurut was renovated and furnished for € 84,000. The same apartment was recently valued at € 140,000. The property is currently rented for approximately € 700 per month; this is a typical example.
New developments
When investing in purpose built new developments in Budapest it is essential to buy from a developer who is using bank finance for the development. It is also essential to ensure the most favourable staged payment terms during the construction period.
A typical payment structure is outlined below for a property with a completion date within the 4th Quarter of 2005.
25% when signing the contract
25% 1st quarter 2005
25% June 2005
25% when taking possession
Alternatively for a different development the terms are as follows:
25% when signing the contract
50% - 2-3 months later
25% when taking possession
For more information about how WW Property Investments can help you find the ideal real estate investment opportunity in Budapest, please call +44 208 123 2764 or e-mail info@wwpropertyinvestments.com and an experienced advisor will be in touch as soon as possible.
Author: Arena Estates |
Contact infomation:
info@wwpropertyinvestments.com |