Agent Reference: 18644 City: Budapest Area: District 5 Region/State: Pest Country: Hungary Location: Urban Beds: 3 Baths: 2 Year Built: 1920
Type: Apartment Living Area (mē): 140 Status: For Sale
Full Description: Prime Budapest Real Estate - 3-bed Flat next to Parliament
3 bedroom apartment next to the House of Parliament on the 5th floor of a classical 1920s building. The apartment is 140 sqm living space, renovated with two bedrooms, living room, 2 bathrooms, well-layed, front to the street and the courtyard. The building is in very good condition, has lift in it.
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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