Agent Reference: 18738 City: Budapest Area: District 5 Downtown Region/State: Pest Country: Hungary Location: Urban Beds: 1 Baths: 1
Type: Apartment Status: For Sale
Full Description: Budapest Flat Investment on the Danube in Hungary
One-bed flat on the third storey of a 4-floor building in Downtown Budapest close to the Danube in the very fashionable District 5. The building was renovated in 2001 and is in the classical Bauhaus style with roof top level and elevator.
Property is 66 sqm with 1 and a half rooms + hall and 2 middle size balconies. It is on the 3rd floor and faces to the street.
The flat is a strong residential investment opportunity. It's location in the heart of the downtown financial district ensures strong demand from tenants and buyers. Property availability in District 5 is limited, so this flat represents a quality purchase.
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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