The Medieval Commercial City
Discover Budapest's Real Estate
The energetic and dynamic city situated on the eastern shore of the Danube. It consists of a varying collection of attractive landmarks, office complexes, nightclubs, shops, and restaurants.
Culture, History, and Business
Budapest is Hungary’s capital, as well as its most populous city. It is the tenth-most populous city in the European Union. The city has an estimated population of 3,303,786 people and spans on a landmass of 525 square kilometers. Budapest is a major global city with a healthy fiscal strength, commerce, media, education, research, technology, art, fashion, and entertainment. This city is placed second in the ranking of fastest-developing metropolitan economies in Europe. The European Police College, European Institute of Innovation and Technology, and the China Investment Promotion Agency are headquartered here.
Also, Budapest houses over 40 universities and colleges, including the Budapest University of Technology and Economics, the Eötvös Loránd University, and Semmelweis University. The subway system in the city, which has been in existence since 1896, commutes about 1.27 million passengers per day. In 2019, the city was awarded the Best European Destination. It houses a lot of museums and cultural institutions, including the Museum of Fine Arts.
Real Estate Appeal
The year 2014 was considered as a turning point for Hungary’s property market. The upliftment of the housing industry was contributed by the strong economic performance combined with a loose monetary policy. The capital city of Hungary, Budapest, has been ranked as the most attractive city in Eastern Europe in 2014-2015 from the point of view of foreign investment.
No wonder why the region saw a great influx of foreign capital, especially when it comes to property. The residential and commercial property prices in the city are lower than other Eastern European capitals, which lead to a drastic change in the rental prices.
Many property investors have compared Budapest to other top European cities. Also, the rental fee has turned out to be more attractive than in various other cities. The tourists are attracted to the city’s royal architecture and captivating medieval landscape, which is surrounded by luxury boutiques, Michelin star restaurants, and five-star hotels.
In the year 2015, an annual survey of European property claimed that the property investors have now decided that it’s time to get into the Budapest residential property market.
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