|
|
 |
Sziv 61, District VI,
Budapest - Hungary |
Szív
is a development in the highly sought after
district VI in Budapest the gateway to Europe.
This development with its excellent location,
design and layout is ideal for the Irish
investor market be it a first time investment
or forming part of a property portfolio.
Sziv 61 is a brand new development of 25
one and two bedroom apartments and duplexes.
20% now &
nothing until completion! |
From
Price € 82,747 |
|
|
|
|
|
|
This particular area is not new to the
savvy investor with proven capital growth
of minimum growth of 10-15% per annum in the
past 3 years a scale that is sure to follow.
This project consists of 25 Parking spaces,
1 commercial unit and 25 Residential units.
The construction will start late 2006 with
a build programme of 14 months. |
|
Investment Summary:
|
|
Attractive payment schedule: 20%
now / 80% on completion
High quality development, Irish developer
Proven capital appreciation of 10%
Located off the famous Andrassy Street
Optional car parking spaces |
1 bedrooms with 49,3
sqm from €82,747
2 bedrooms with 66,15 sqm from
€109,145
Car parking space €13,000
Request
More Information |
|
Location:
Sziv 61 is located in the 6th district, an area
referred to as the cultural district of the city.
The building is close to all amenities including
the West-End shopping centre, the Radisson and
the Hilton hotels, not to mention the numerous
restaurants and cafes. District VI is famous for
its large number of theatres and in particular
the magnificent Opera house as well as the Liszt
Ferenc Music Academy. Andrassy Ut, one of the
best known streets in Budapest is located in
this district, often described as the ‘Champs
Elysees of Budapest’. |
|
The Project:
Sziv 61 is a brand new development of 25 one and
two bedroom apartments and duplexes. Constructed
over seven floors the development is built around
a central courtyard. The apartments range in size
from 49.5sqm, most apartments will come with either
a courtyard or street facing balcony and a storage
area. Car parking spaces are available, representing
a good investment in this location. |
|
Why invest in Budapest (Hungary)?
Budapest is one of the great capital cities
of Europe, the “Pearl of the Danube”.
It is a quality city, which ranks well with
cities like Paris or Vienna, and is located
at the heart of the new enlarged Europe.
Budapest is very well located within Central
Europe, and an excellent infrastructure means
that it is very accessible from the rest of
the continent. For instance, Vienna is a mere
three-hour train ride away, and Bratislava,
the Slovakian capital, is just two and a half
hours away by train. Direct rail connections
link Budapest to most of Europe, including Berlin,
Trieste, etc.
Budapest has a superb infrastructure within
the city, with a fully integrated public transport
network, reputed to be the best in Europe. Other
infrastructure, such as roads and fibre optic
communication networks, is modern and well planned.
Property prices in Budapest, while rising, remain
low by the standards that apply in the rest
of Europe. While direct comparisons are difficult,
prices in city centre Budapest are about half
of those paid in other major capitals, including
Dublin. Good quality two-bedroom apartments
can still be found in Budapest at about eighty
thousand Euros. The quality and value available
in Budapest seem unbelievable to those of us
more used to Irish prices, but this will not
last, and prices seem destined to rise substantially
over the next few years.
As an investment opportunity, our company and
the markets predict excellent capital growth
in this developing area. With capital appreciation
predicted to be 15% for 2006, 2005 showed capital
appreciation growth of 13.7% while 2004 increased
to 12.7%. This level of appreciation is expected
to continue for some time due to the fact that
many of existing properties in Budapest are
in need of renovation meaning there is big demand
for newly built apartments in prime locations.
Secondly, Budapest has attracted more regional
company headquarters than any other Eastern
European capital city, due to its central location
in Europe. Companies such as GE Exxon-Mobil
and Nokia have all set up international operations
in Hungary.
Hungary’s accession to full membership
of the EU in 2004, with probable transition
to the Euro in 2008, is expected to impact strongly
on property prices. A potential for significant
capital gains would seem to exist.
Hungary enjoys stable western style government,
as well as a well-educated population and superb
infrastructure. The road and transport networks
are far beyond anything, which we are likely
to see in Ireland for many years to come, even
after thirty years of EU membership. Hungary
would seem to be entering the EU from a position
of strength.
Request
More Information |
|
|
| |
|
 |
|
