Karolyi Gardens Property in Budapest - Hungary

Budapest Investment Property Summary:

Completion date: 1st quarter 2009.
Mortgages available.
Exculsively priced 30% below nearby developments!
Many facilities in the complex including restaurants, cafés & fitness facilities.
Priced at only €1,450 per sqm.

Location:
On the banks of the river Danube International investors have experienced steady growths in their property values in recent years in Hungary. Typical levels of appreciation for properties in well-located areas in Budapest have been seen at 10% up to 15% per annum. Compared with other EU countries, property prices in Hungary are relatively low with the average price of a property in Dublin being more than four times the price of its Hungarian equivalent. Picture Ireland, and in particular Dublin, ten years ago – this is where many economists and property experts believe Budapest to be at present.

This exceptional residential project located on the banks on the river Danube in downtown Budapest is the rehabilitation of a complete block on a land area of approx. 40,000 sqm. The area around the buildings will be developed with parks, daily care, promenades and areas along with several community facilities: well-maintained playgrounds, community rest areas with fountains and works of art.

The area is situated in an extremely good location, since the bank of the Danube is only 30 metres away and the stop of the blue subway line is 400 metres away. There is a market, schools and nursery schools in the immediate vicinity and the “Aquincum Bridge” will be constructed only 400 metres away, which will provide direct access to Romai beach on the Buda side. The junction of Deak Square can be reached by the blue subway line in 15-20 minutes.

Only 30 metres from the Danube
Only 400 metres from the blue line subway station
Only 15 minutes to Deak Square by subway
“High-end” projects in the area (Marina part, Prestige City, Duna Bay)
Just right at Váci street called as “the office corridor”
Area of most of the successful A – class projects (approx. 510,000 sqm)
One new bridge is under construction, other one will be accomplished by 2011.

This development will meet all the new challenges of the 21st Century Hungarian lifestyle and the expectations, requirements and demands that come with it. People of our time increasingly focus on the quality of the environment where they spend most of their time, whether it is the apartment they live in, or the design, cleanliness, orderliness and maintenance of their immediate surroundings.

The development will take place on a land area of almost 40,000 sqm. Around the buildings parks will be developed with daily care, walking streets, promenades, along with several community facilities: wellmaintained playgrounds, common recreational areas with fountains and works of art. A “bustling city centre” will be created here, with all the services and facilities that fulfill the needs of “city folk” fond of modern city life. A wide range of restaurants and cafés will be opened on the pedestrian streets, a modern fitness club and other cultural facilities.

Naturally, all these functions will be available on site, which means you don’t have to go downtown for a little recreation, you will only need to walk a few minutes from your apartment.

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Investing in a premium Budapest property development in Hungary

Karolyi Gardens is a very unique and ambitious project for Central Budapest. This experienced developer plans to build an open town-in-town complex.
It will incorporate the First residential towers in Hungary.

The entire property complex will consist of:

900 flats in 2 phases
55,000 sqm offices
10,000 sqm retail space
6,000-8,000 people living and working there, daily.

The product offers the same “lifestyle” as the “high-end” projects but at the beginning it is focused on investors which will have strong gain potentials.
There are no similar project of this kind on the Budapest property market.

Karolyi Gardens will have a complete range of services on site including:

Restaurants and cafés with terraces
Laundry, bank, post office, pharmacy
Specialized fine grocery shops and beauty centre
Wellness-fitness centre, swimming pool, sauna oasis
Cultural institution
4 star hotel

Main Features of the Budapest Property:

Approx. 900 flats in 2 phases
- An open town-in-town complex
- Retails and services attend 350,000 people in the area around
- 6-8,000 people will be living and working in these buildings
- First residential tower complex in Hungary
- 55,000 sqm of office space
- 10,000 sqm retail space
- International architecture tender spring 2007
- The product offers the same quality “lifestyle” as the “high-end” projects but at launch sales will be focused on investors who will have strong gain potentials.

Property Pricing & Payment Schedule

Ideal for investment purposes, those who consider purchasing a unit in Karolyi Gardens will benefit from a 20/80 payment structure, paying only 20% of the total cost as a first installment, with the balance due on completion of the project.

Prices from €50,298 to €186,721

• Reserve apartment for €3,000
• 20% (less €3,000) required on signing of purchase contract 30 days after reservation
• Balance of 80% will be due on completion in 1st quarter 2009.

Through our partners we can assist you with acquiring up to a 80% mortgage.

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Design and Technology

All buildings at Karoly Gardens have been planned to fulfill and even enhance the social expectations regarding function and aesthetic appearance.

The four condominiums to be built in the first phase of the Karolyi Gardens will receive special facades. A large part of the facade will be covered with old (stamped) bricks from demolished buildings and a glass-metal portal structure brought in harmony with them.

In line with the design standards the flats to be constructed in Karolyi Gardens must comply with strict principles:

- easy to furnish apartments,
- the layout allows efficient use of space,
- apartments are two-front oriented,
- soundproof floors and ceilings,
- separating walls built of sound blocking bricks,
- noise and thermal insulation,
- engineering facilities of water rooms in “guest walls”,
- enhanced, 40-45 cm thick flat masonry.

Matching the expectations of the 21st century, we will install an intelligent low voltage system, thus cable television, internet connection, alarm system and video entry phones can be default facilities in flats.

The penthouse apartments located on the upper floors feature special facilities as they have huge terraces (60 - 100 sqm) and green roofs. From these terraces a fantastic view of the Danube and the Buda hills can be enjoyed.

Why invest in a Budapest Property in Hungary

Karolyi Gardens is an excellent investment opportunity as it meets and indeed exceeds all the fundamental investment principles:

1. Location
2. Price
3. Uniqueness
4. Mortgages
5. Rentals

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