Boom in Budapest residential property market

More than five thousands new homes came on to the market in Budapest in the first half of this year and some 2,800 homes have been sold already.

One of the key Mortgage providers of Hungary confirmed that 7,500 home constructions have been announced in Budapest as part of 40 investment projects.

The reduction in VAT on new homes has boosted investment activity. Demand has been stoked by the government's family home creation subsidy. The possibility of re-claiming VAT on home construction expenses has increased people's willingness to finance their own construction projects.

If you would like to have a character, luxury or new home in Hungary where many international cultural and business events take place or looking for an excellent investment opportunity with a great rental income possibility, take a look at our website www.ecsmproperty.uk.com for some carefully selected Hungarian properties. Beyond this, we have an extensive database of Hungarian properties and our multilingual team is on hand to provide you further property information, guidance about the buying process, legal aspects of owning a property in Hungary, taking up the residency, applying for a mortgage or even translation.

17 Oct 2016

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