Why invest in Hungary?

There may never be a better time to invest than now!

We believe that this moment in time represents a real buying opportunity for the savy property investor to get in now before the next boom begins! Here are some very compelling reasons why.

€70 Billion EU investment boost good news for economy and Hungarian property market.

Over the next six years €26.35 Billion in EU funding will flow into Hungary.  Experience shows us that for every €1 of EU funding at least another €1 is attracted from the private sector. Many economists believe  that this could amount to a foreign direct investment boost estimated to be in the region of €70 Billion between 2007- 2013. There can be no doubting that this will have a tremendous impact on the Hungarian economy and the prospects of those investing in property in Hungary.

Hungary prices are just 20% of those in Great Britain, Spain, Ireland, Netherlands and Germany.

As a new EU member state Hungary is expected to catch up with its wealthier EU partners.

As the economy catches up so will Hungarian real estate prices.

Even the French compare Budapest to Paris and it is often referred to as the "Paris of the East". It is one of the most beautiful cities of the world.

EU demands economic reform, Good for Hungary and the Hungarian property market

As a new EU member Hungary is being forced into making structural reforms to its economy that it would otherwise have put off and this is a positive.
Since the fall of the iron curtain in 1989 the Hungarian economy has shown impressive progress. They now have to move to the next level and the key to achieving this is membership of the single currency, the Euro. To do this it has to reform its economy. Hungary is doing this and will become a leaner, fitter, and more competitive economy with the Euro as its currency.

The future looks bright for those investing in Hungary property market.

 

Main reasons:

  1. Location in the heart of Europe
  2. Dynamic economic growth
  3. Business-friendly environment
  4. Membership in the European Union and NATO
  5. Long term political stability
  6. EU conform investment incentives
  7. Highly developed logistical, transport and communications infrastructure
  8. Well trained, creative and flexible human capital
  9. High productivity/wage ratio
  10. Strong presence of foreign and multinational companies