San Francisco | Budapest: the New Prague for Real Estate Investors |Mortgage residential and commercial home loans SF
When Hungary and the Czech Republic joined the European Union back in 2004 they set the standards for economic achievement that the rest of the new entrants could only dream of achieving.
Both Hungary and the Czech Republic not only embraced their new membership status, they went out of their way to create an environment so conducive for inward investment that both countries are now thriving.
As has been well documented, the stunning Czech Republic city of Prague became of such intense interest to international real estate investors even before the Republic joined the EU because it boasts almost inimitable charm, attraction and opportunity. I say ‘almost’ inimitable because Hungary’s capital city of Budapest is equally well endowed with stunning ancient architecture, cultural attraction and a unique and timeless appeal.
As a direct result Budapest is suddenly becoming one of the hottest European cities for tourism and the business environment is so buoyant right now that the numbers of expatriates heading to the city for work is at an all time high. These factors mean that the demand for real estate to rent is outstripping the current supply of well located and appointed property and prices in Budapest are starting to soar.
Where once Prague was the European capital city attracting the most overseas real estate investor interest, Budapest is now surpassing the investor levels Prague has enjoyed. And one of the real reasons for this is the fact that property prices in Budapest are up to 25% less than those in Prague, and the past couple of years have seen price gains in the most desirable districts of Budapest reach 15% annually.
The opportunity to profit to the max is huge currently, but at the same time the window of opportunity is likely to be narrow for those wishing to buy into the projected period of rapid growth. Those real estate investors who are buying right now have the strongest chance of realizing the greatest gains. Over the medium term the demand for property in Budapest will not slacken but the property price margin increases will slow down as prices reach parity with the Czech Republic.
After this period of time it is likely that prices will continue to rise in line with local affordability and that potential rental income will still be impressive. This will continue to bring investors to the market place which means an investor can purchase in Budapest with confidence that he will be able to resell his real estate assets when the time is right for him to release the gains he has accrued.
If you compare the potential fortunes of Budapest with Prague you will see just how much room there is in the market for growth and return, and how far demand can actually go for property for sale and rent in this stunningly beautiful Hungarian city.
Powered by Agent San Francisco – SF San Francisco. All rights reserved.© 2012 Copyright by Agent San Francisco™. All rights reserved. Agent San Francisco is an independent real estate brokerage.
“Agent San Francisco real estate brokerage” is an independent real estate brokerage firm with CaBRE – California Bureau of Real Estate Lic #01173770 and Mortgage Loan Originator MLO – NMLS ID: #1203203 & NMLS ID: #1425778 – Agent San Francisco is equal opportunity housing mortgage broker and
real estate agent that abides by all California Bureau of Real Estate rules and regulations. Agent San Francisco Mortgage Loan originators MLO’s and advertising are in compliance with FTC, U.S. Department of Housing & Urban Development (HUD), Regulation Z [12 CFR §1026.24], Reg CaBRE, Mortgage Acts and Practices — Advertising rule, known as Regulation N – [12 Code of Federal Regulation §§1014 et seq.] – The Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB).
Licensed and endorsed under California Bureau of Real Estate. (CaBRE)
CaBRE Broker #01173770
Mortgage Loan Originator (MLO) NMLS ID #1425778
Mortgage Loan Originator NMLS ID #1203203
Searches related to residential home and commercial real estate lenders San Francisco
residential home and commercial real estate loans San Francisco
San Francisco residential home refinance and commercial real estate lenders list
largest residential home refinance and commercial real estate lenders San Francisco
residential home refinance and commercial real estate funding San Francisco
residential home refinance and commercial real estate financing San Francisco
residential home refinance and commercial mortgage lenders San Francisco
residential home refinance and business real estate lenders San Francisco
residential home refinance and private commercial real estate lenders San Francisco
Home purchase loans and refinancing
