- Price per square meter in Budapest is between 700-1300 euros/m2, making it among the lowest in Europe.
- Favorable taxation rates on real estate investment!
Net rental income tax is 15% Income received in Hungary is not taxable in France
0% tax on capital gain on resale after 5 years; very low tax rate on estates. - Strong potential for real estate value to increase in the coming years.
- A high rate of rental income, up to 10%.
- An opportunity to make a "dream investment" thanks to the quality of local properties and the old Haussmann-style buildings, with ceiling heights of 4m and large, open spaces. The opportunity to own the kind of property you could never buy in other Central/Western European countries, located in a beautiful, bustling and vibrant capital city.
- Tourism is increasing and short term rentals are growing.
- An influx of students and foreign tenants over the last 3 years has stimulated the rental market in Pest’s city center.
- Hungary is centrally located in Europe and has seven neighboring countries. [Travel time is convenient from any European destination]
- A significant and steady improvement to the city’s infrastructure thanks to EU funding
- The transition to the Euro, which will take place in the medium term.
And finally...
Hungary is a beautiful country and Budapest is a magnificent city to live in. It’s extremely safe and has a crime rate among the lowest in Europe. For the moment its notoriety still relatively unknown but as this is changing, the value of the real estate market changes exponentially.