Budapest__the_New_Prague_for_Real_Estate_Investors

							Title:
Budapest: the New Prague for Real Es
tate Investors

Word Count:
473

Summary:
The Hungarian capital city of Budap
est is hot on the heels of Prague i
n terms of the profits and income r
eal estate investors are realizing
from well located and appointed pro
perty. As the gap begins to close
between the prices for real estate
in Prague and Budapest, investor ac
tivity in Hungary is intense becaus
e there is a real opportunity to ma
ke maximum profits for a very limit
ed period of time.
Keywords:
real estate,investment,Europe,Hunga
ry,Budapest,Prague,Czech Republic,e
merging market,real estate investme
nt,property,real estate investor

Article Body:
When Hungary and the Czech Republic
 joined the European Union back in
2004 they set the standards for eco
nomic achievement that the rest of
the new entrants could only dream o
f achieving.

Both Hungary and the Czech Republic
 not only embraced their new member
ship status, they went out of their
 way to create an environment so co
nducive for inward investment that
both countries are now thriving.

As has been well documented, the st
unning Czech Republic city of Pragu
e became of such intense interest t
o international real estate investo
rs even before the Republic joined
the EU because it boasts almost ini
mitable charm, attraction and oppor
tunity. I say _almost_ inimitable
because Hungary_s capital city of B
udapest is equally well endowed wit
h stunning ancient architecture, cu
ltural attraction and a unique and
timeless appeal.

As a direct result Budapest is sudd
enly becoming one of the hottest Eu
ropean cities for tourism and the b
usiness environment is so buoyant r
ight now that the numbers of expatr
iates heading to the city for work
is at an all time high. These fact
ors mean that the demand for real e
state to rent is outstripping the c
urrent supply of well located and a
ppointed property and prices in Bud
apest are starting to soar.

Where once Prague was the European
capital city attracting the most ov
erseas real estate investor interes
t, Budapest is now surpassing the i
nvestor levels Prague has enjoyed.
 And one of the real reasons for th
is is the fact that property prices
 in Budapest are up to 25% less tha
n those in Prague, and the past cou
ple of years have seen price gains
in the most desirable districts of
Budapest reach 15% annually.

The opportunity to profit to the ma
x is huge currently, but at the sam
e time the window of opportunity is
 likely to be narrow for those wish
ing to buy into the projected perio
d of rapid growth. Those real esta
te investors who are buying right n
ow have the strongest chance of rea
lizing the greatest gains. Over th
e medium term the demand for proper
ty in Budapest will not slacken but
 the property price margin increase
s will slow down as prices reach pa
rity with the Czech Republic.

After this period of time it is lik
ely that prices will continue to ri
se in line with local affordability
 and that potential rental income w
ill still be impressive. This will
 continue to bring investors to the
 market place which means an invest
or can purchase in Budapest with co
nfidence that he will be able to re
sell his real estate assets when th
e time is right for him to release
the gains he has accrued.

If you compare the potential fortun
es of Budapest with Prague you will
 see just how much room there is in
 the market for growth and return,
and how far demand can actually go
for property for sale and rent in t
his stunningly beautiful Hungarian
city.