Courtesy of Marlowski

With its unique history and breathtaking rolling plains, Hungary is a land of mystery that once stood apart from most of Europe.  With the political landscape now changed and European Union entry granted, Hungary has opened its doors for investors, holidaymakers and expats to explore its distinct geography and unique sites.

Continue reading ‘A Guide to Investment Property Hungary’

Having intently watched the debate over property investment in Hungary and in particular Budapest, with equal numbers denouncing the country as an economic blunder as those proclaiming it to be the next property gold rush, we were eager to see how the first country to shed the shackles of the Iron Curtain stacked up in reality.
Continue reading ‘Hungary Property Possibilities’

As wealth increases the demand for luxury real estate is on the up, as increasing numbers of Hungarian entrepreneurs and top managers seek luxury properties. Market analysts expect prices in this bracket to mimic Paris and New York in the near future especially as people move back into the city as downtown Budapest gets a facelift.

The widespread property development trend of Mill Conversions in the UK has spread to Hungary. The latest development to hit the Budapest real estate market is Mill Lofts, a conversion of a landmark building, the former Gizella Malom (Gizella Flour Mill) is being converted into luxury loft-style apartments. Located in the 9th district puts you right in the heart of Budapest and short walk from everything you need, public transport, motorways, airport and major city attractions.

A unique living concept in Budapest, these 104 flexible loft spaces will different, individual living solutions. Apart from the location of the bathrooms and kitchens, purchasers may choose their layout nearly freely. The Mill conversion aims to preserve the industrial feel and character of the premises as a whole combined with a luxury quality specification. Continue reading ‘New Mill Developments for Sale in Budapest Hungary’

The Budapest Sun Online this week reported proof of Hungary’s ever growing stature as a tourist destination, with the news of four new airlines operating routes into Hungary. Atlanta-based Delta Airlines, will fly five times a week between Budapest Zrt and JFK Airport, New York, whilst Irish budget airline Ryanair has started three weekly flights to FlyBalaton airport at Sármellék, close to Lake Balaton and expects to carry some 40,000 passengers on the route in the first year of operations. May 1 saw Finnish scheduled airline Blue1 (owned by SAS Scandinavian Airlines) launch a thrice-weekly seasonal connection with Helsinki to Ferihegy. Finally, Czech airline Smart Wings, the republic’s first low cost airline, announced that it was planning flights from Budapest to Paris (seven times a week) and Rome, Milan and Prague (six times a week) however there is no fixed start date.

Tourism has been a major force in Hungary’s economy Continue reading ‘Budapest Obuda island resort development to create major tourist and yachting centre’