Agent Reference: 17846 City: Budapest Area: District 5 Region/State: Pest Country: Hungary Location: Urban Beds: 1 Baths: 1
Type: Apartment Living Area (mē): 63 Status: For Sale
Full Description: Investment property in Budapest 5th District built in 1900. Property was renovated in 2000 and is in an excellent condition.
Property is located close to the Basilica. It is 63 sqm on the 3rd floor with view to the courtyard (sunny aspect) of a 3-storey building in good condition with lift in it. Flat consists of 2 rooms, kitchen and bathroom.
Property availability in District 5 is limited, so this flat represents a quality purchase and not many are available overlooking the Danube.
Rental yield is typically between 6% and 8%. Rental demand in District 5 is strong from the Hungarian population. Capital appreciation potential is very good in this area too - 10% to 20% per annum is highly achieveable in this location.
Hungary is in the EU and enters the EuroZone in 2009. Property in Budapest is generally undervalued compared to other major European capital cities.
Districts 5 and 6 on the Pest side of Budapest offer strong investment potential. If purchasing property as a company you can take advantage of one of the lowest rates of corporation tax in Europe!
When you sell the property CGT as a company is 16%...as an individual is 20%.
Full advice on how to set up your Budapest property purchase in a cost and tax efficient way is available from the property agent.
Locality Features Local Shops Restaurants River facilities
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