Agent Reference: 18717 City: Budapest Area: District 5 Region/State: Pest Country: Hungary Location: Urban Beds: 2 Baths: 1
Type: Apartment Living Area (mē): 120 Status: For Sale
Full Description: Budapest 2-bed Flat in District 5 of the City
In the Bank Center, spacious property with view to Szabadsag Square, District 5, Budapest!
In Nador Street, 120 sqm unrenovated apartment on the 1st floor with lovely view to Szabadsag Square! Consists of 2 and a half rooms, hall, bathroom, kitchen, pantry and anteroom. The building is in good condition, has 4 floors and built-in attic-level. There is an elevator.
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 Entertainment Local Shops Restaurants River facilities
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