Located in the central area of the city, in the 8th district of Budapest, it is at arms’ length to Blaha Lujza Square.

Prices From: £30,961
Completion Date: Spring 2009
Apartment Sizes: Studios, One and Two-Bedrooms

The area can be easily accessed by both car and public transportation. Not far from metro line 3 and tram No. 4-6. The universities, colleges can be reached within minutes. The malls, non-stop shops, market halls, post office, pharmacy and small shops provide comfort to the residents of the area.

Over the past few years extensive regeneration schemes have started in several districts of the city. As an effect of regeneration the 13th and 9th districts have seen substantial growth in the property market. The trend is set to continue in 8th district.

The 8th district has important role in Budapest’s cultural life as it is particularly rich in architectural values. The palace quarter of Józsefváros is one of the most attractive Art Nouveau buildings in Budapest. This is home to the Erkel Theatre, the second opera house of the town, as well the famous National Museum, the Hungarian Radio, the building of the Ervin Szabó Library and Péter Pázmány University Faculty of Law.

The apartments will consist of studios, one and two room flats with a size of 293 to 617sqft.

Capital appreciation for new developments in prime Budapest locations has been around 15-20% p.a. over the past few years. A major increase in property prices is expected when Hungary joins the European Monetary Union, since prices in Budapest will adjust to those in other major European cities such as London, Paris and Vienna.

Overseas Investment Plan:

• Finders/administration fee (see FAQ page)
• £1000 reservation fee (deducted off deposit)
• 30% required to exchange contracts in two installments of 15%
• 70% LTV mortgages available
• Please note that all payments are deposited at a Buyer’s Escrow account.

If you are interested in this property, please click the enquiry button below and fill in your details or call one of our consultants on +44 (0) 844 873 4000