Agent Reference: 18718 City: Budapest Area: District 5 Downtown Region/State: Pest Country: Hungary Location: Urban Beds: 1 Baths: 1
Type: Apartment Status: For Sale
Full Description: Newly renovated studio-flat in Downtown Budapest, Hungary with view toward the Basilica and Castle of Buda!
Full-renovated, 31 sqm property on the 5th floor with view toward the Basilica and Castle of Buda. Consists of 1 room, hall, bathroom, kitchen, dining and has an air-conditioner. The building is freshly-renovated, has 5 floors and elevator.
The property is a strong residential investment opportunity. It's location in the heart of district 5 ensures strong demand from tenants and buyers. 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.
Home Features Air Conditioning
Locality Features Entertainment Local Shops Restaurants River facilities
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