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Budapest is the new favorite for foreign property investors

A new wave of foreign property investors has descended on Budapest, the capital city of Hungary. According to a study recently released by estate agency Otthon Centrum, the first half of 2015 saw an astonishing increase of property transactions in the city. In fact, the total figure was ultimately revealed to be 40 percent higher than the final figure that was reported for the previous year. In a word, the property market for foreign investors in Budapest is booming at a rate that was frankly inconceivable even a few short years ago.


 

Budapest is the new favorite for foreign property investors

What's Behind The Sudden Increase In Property Investment In Budapest?

There are a number of interlocking factors that can be shown to be behind this seemingly sudden increase in foreign property investment in Budapest. For example, the Hungarian government has recently offered a special deal for Chinese investors only. This special investment immigration program is being offered exclusively to the Chinese in order to stimulate the rate of Chinese immigration and subsequent investment. The underlying idea is to give a boost to the Hungarian economy while also increasing the overall amount of Chinese nationals who are able to gain access to the EU economy while living in Budapest.

 

Investment And Retirement Opportunities Are Available In Budapest

Another prime reason why foreign investment is on the rise in Budapest has to do with the recent series of government subsidy plans that are placing property in the hands of a few key companies, both local and foreign, and thus raising property values in the city. This phenomenon does have the effect of pricing many locals out of key areas of the city, but also lays the groundwork for a whole new wave of foreign investment. Foreign nationals who wish to work or retire in Budapest thus possess the opportunity to invest in or purchase property at rates which are simply unobtainable elsewhere in Europe.

 

The Future For Foreign Property Investment Is Bright In Budapest

The future for foreign property investment in Budapest is, by all indications, a bright and prosperous one. The Hungarian economy is booming thanks to the large influx of foreign capital that is pouring in from international investors. Meanwhile, the benefits of purchasing property in Budapest are becoming more apparent as internationally based companies move into the area and begin to conduct business there. As a result, there has never been a better time to become a property owner in the nation of Hungary.

 


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