Hungary Property Investments
Hungary continues to demonstrate strong economic growth. Foreign direct investment has been crucial in boosting economic performance and remains the driving force behind Hungary’s economic success, fuelling its strong export growth and significantly increased productivity.
From 1990 to date, foreign investors established around 30,000 companies and pumped about $24.8 billion into Hungary, making it the leading destination for foreign investment in central and Eastern Europe. The growth rate of foreign direct investment reached 45% in 2003.
Currently over 45 of the world´s top multinational companies are present in Hungary. Many of the worlds largest companies including General Electric, General Motors, Audi, IBM, Flextronics, Philips, Nokia, Telekon, Electrolux, Siemens and others have already set foot and many of them reinvested their earnings in Hungary.
Why Invest In Budapest Property
Budapest residential property is currently trading at more then 50% + discount when compared to other European capital cities.
Budapest is not a holiday market like the Mediterranean coast - long-term tenants include foreign employees, foreign students and Hungarian business people - There is constant rental demand.
Annual Yields of 6- 9% can be achieved on residential apartments. The land registry system and legal apparatus provide a secure framework for investors and the capital has an advanced public transport system & infrastructure.
The economic fundamentals exist for the continued strong performance of the Hungarian economy over the next 3-5 years. This performance should see property prices gradually move toward the levels of other major European cities.
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