Why invest in Hungary and Budapest property and real estate

Property prices in Budapest have risen substantially in the years since the collapse of communism. This trend has accelerated since Hungary's membership of the European Union was approved. Driven in part by increase foreign investment, analysts believe that this sustained growth will continue for the foreseeable future. Hungarian property prices are likely to grow at rate above the European average.

Potential

• 13th most improving city in Europe
• 7th best city for investment infrastructure
• 15th most likely city to relocate your business to by 2008
• 2nd best city in Europe for cost of staff
  (Taken from the European Cities Monitor 2003)

These findings clearly indicate that Budapest is perfectly positioned to become a major hub for corporate activity and investment. This will be a significant driver of property prices, a point that is repeatedly being emphasised in business and investment publications. The Investor magazine recently commented:
While Irish house prices are forecast to stabilize, those of Budapest could increase by more than 20pc a year over the next five years.

Donal Buckley
This level of increase would merely start to bring Budapest prices in line with other European Capitals and not lead to the development of an unsustainable markets.
It is these factors that has led the recent surge in foreign investment in the region.

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