Colorado Business and Legal Advices

Hungary is one of the most dynamic economies in Europe. Budapest is located in the heart of Europe and is considered the third most attractive European city for congresses, after London and Amsterdam. This gives the city a dynamic that is reflected in all its economic activity and contributes to real estate development.

With its entry into the EU in 2004, Budapest has become one of the most interesting real estate investment where high yield and total guarantee . Demand for properties in Budapest is constantly growing and attracts 60% of foreign investments in Hungary. The floors are the biggest attraction of the city.

Numerous sources indicate that the average annual appreciation of apartments in Budapest is 20%.

The rents of apartments in Budapest provided an annual average return for the investor 5%.

The main macroeconomic variables show that Hungary is a country with clear signs of economic vitality. Budapest concentrates 20% of the Hungarian population and is clearly the engine of the country as it generates 60% of its GDP.

Hungary is expected to enter the Euro in 2010, a fact that reflects a strong economic acceleration of the country and stimulate the housing market. We believe that Budapest, not only to reach European standards, but in many respects far exceed. Commonly called the “Paris of the East”, Budapest, is today for many the ideal opportunity to make a highly profitable investment and secure property.

Many large multinational companies are established in Hungary by the high qualifications of its workforce and lower costs.

Spain no longer be a recipient of the cohesion funds, while Hungary will become a country receiving aid. This will favor significant improvements in network infrastructure and the renovation of historic buildings.

It attracts many foreign professionals looking for houses as well as students from around the world.

Budapest is the second largest city in the Austro-Hungarian Empire and is located in an enviable location. Bathed by the waters of the Danube, is one of the most cosmopolitan cities of the XXI century and the proof are the stately buildings. Its theaters, opera, parliament, boutiques, restaurants, cafes and shopping centers, along with a continuously growing infrastructure, makes Budapest a city with an undeniable charm, whose peak is yet to come.

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