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Hungary Information

Hungary Information

Hungary joined the EU in 2004 and in terms of investment and tourism growth, it is second to none. Compared with other EU countries, property prices in Hungary are relatively low with the average price of a property in Dublin being more than four times the price of its Hungarian equivalent. Picture Ireland and in particular, Dublin ten years ago; this is where many economists and property experts believe Budapest to be at present.

Hungarian investors have experienced unprecedented growths in their property values in recent years. Typical levels of appreciation for properties in well-located areas have been seen between 10-15% per annum and coupled with an average rental yield of 6%-8% for an apartment, Hungary is an exciting investment to add to your portfolio.

Two million of Hungary’s total population of 10,300,000 live in Budapest, the city known as the ‘pearl of the Danube’. Since the two regions of Buda and Pest were unified in 1873, the resulting city has developed into the cosmopolitan metropolis of today. A cultural mecca, Budapest offers a staggering 237 monuments, 223 museums and galleries, 35 theatres, 90 cinemas, 2 opera houses and 12 concert halls. The public transport system of underground, trams and buses is among the best in Europe.