Property for sale in Hungary

1/ Capital: Budapest

Is the capital city of Hungary. As the largest city of Hungary, it serves as the country's principal political, cultural, commercial, industrial, and transportation center and is considered an important hub in Central Europe. Get more information on property for sale in Budapest.

2/ Country: Hungary

Is a landlocked country in the Carpathian Basin of Central Europe, bordered by Austria, Slovakia, Ukraine, Romania, Serbia, Croatia, and Slovenia. Its capital is Budapest.

3/ Property for sale in Hungary

Property in Hungary is the perfect opportunity for the astute investor. Budapest is the most popular location for investment but as economic growth continues throughout the country, new regions are becoming increasingly attractive to overseas buyers.

Hungary has seen a successful transformation from a centrally planned economy to a free, fast-growing market economy in the past 15 years. A successful privatization process has now been completed in most sectors, bringing foreign strategic investors as well as know-how, technology and best international practice into the country. As a result, the private sector accounts for over 80% of GDP today.

The demand for property for sale in Hungary has consistently grown since accession to the EU in May 2004. Property prices are still significantly below neighboring countries – for example, apartments in Vienna are 2/3 times the cost in Budapest. Demand is greatest in Budapest where inward investment is creating gentrification of large districts – new developments and large renovations are commonplace.