Hungary: why should invest in 2018?

 

Hungary: why should invest in 2018?

 

Defined as the "Paris of the East, Budapest has many elements that refer to the French capital:

the Danube, which cuts through the city and overlooks castles and beautiful palaces, the hill similar to Montmartre. But the Hungarian capital has a unique and unique feature: it is the result of the merger of three cities: Buda, Pest and Óbuda, united by the Chain Bridge and seven other bridges.

Similarly to all the countries of Eastern Europe, it is easy to understand how, for any westerner, it is convenient to invest.

But you have to carefully choose the sector and how to do it.

                                                     

First of all it is necessary to analyze the macroeconomic data:

GDP in Hungary grew by 4% in 2017

The services sector grew by 1.9%, the construction sector by 1.6% and the industry by 0.8%.

The biggest increase in production was recorded in the construction sector with + 30%,

The Hungarian real estate market has been experiencing a period of strong expansion for years. The value of real estate grows with a constant trend and today buying a house or an office is one of the best investments for those who decide to move to Hungary or for those who simply seek an adequate remuneration for their capital. The secret of the success of real estate investments in Hungary is certainly to be found both in the quality of the properties and, more generally, in the historical, cultural and environmental connotations of Hungary itself.

This is accompanied by the strong expansion of the construction sector, caused mainly by the investment of large companies (including the construction of hotels and resorts), by the effects of the CSOK Program (which offers the possibility for Hungarian families to acquire a home in property), and by the extensive program of works implemented by the State.

The general situation of the construction sector in Hungary is accompanied by a figure that seems paradoxical, but instead represents an extraordinary opportunity for foreign companies: the lack of Hungarian construction companies that can guarantee the growth rate that the sector requires. If we add to this that construction costs in 2017 have increased very close to 20% compared to 2017, the picture of the great opportunities offered today by Hungary is even clearer.

Budapest is the least expensive European capital to invest in real estate.

A good renovated apartment of 70-80 square meters (not overlooking the Danube), you can also buy with 40,000 euros. With a view instead we are on € 1,000 per square meter. If the apartment is close to the Parliament and the Royal Palace, the price rises up to € 3000 per square meter.

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