Amber Square For Sale in Hungary

Project

Name: Amber Square
Total Investments: 105

Location

Amber Square will stand beside the landmark building known as Greenpoint 7 on Klauzal Street in Budapest’s District VII. Located beside a major metro station, with a bus stop just one minute away, there is easy access to all parts of Budapest. In the evening all amenities are on your doorstep, Liszt Ferenc Square, jazz clubs, Kiraly Street (the new pedestrian shopping street) and the famous 'Old Mans Pub'.

Investment Structure

Freehold

Completion

Rental Program

Net Guaranteed Rental income of 4% of the purchase price for 2 years.
The rent is paid bi-annually (31st May; 30th November).
To avail of this scheme a Standard Furniture & Fittings package must be acquired, current prices for such packages are:

1 Bed € 7,950
2 Bed € 9,500

Inclusions

Secure Parking.

Fully fitted Bathroom suite with modern white enamel bath, porcelain sink & toilet.

Heating & hot water sources are installed in the basement and operated with a gas system fitted with individual measuring gauges. Radiators are used for internal heating.

Internal Walls and ceilings painted fully throughout

Laminated Wood flooring in living room and hall areas. Carpet to bedrooms.

Fully tiled kitchen and bathroom floors, tiled bathroom wall and splash back to kitchen counter.

Cable TV socket is installed (Cable TV service contract), telephone socket, and socket for broadband Internet connection (without service contract).

Payment Structure

Initial Deposit of 5.000€
10% (less initial deposit) at signing of contracts
20% at start of construction
25% at completion of frame
35% at completion

More reasons to invest in Hungary

Hungary real estate market has known a dramatic upraise in the past decade. Hungary legged beyond western European countries for a long time, but everything started to change since the fall of communism regimen in 1989. Ever since, Hungary is developing rapidly and trying to meet European standards in various topics such as economy, lifestyle and more. The quality of property in Hungary has also changed in order to meet western standards, giving a boost to commerce in Hungary real estate.

Combination between high development rate and low prices has made property in Hungary a great investment immediately after the fall of the communism. Property in Hungary has had an extremely high yield, making these years the gold years in Hungary real estate investments.

In 2004, Hungary has met the EU criteria and joined the union. Since then, Hungary's economy has known high growth rate and as a result international confidence in Hungary has increased. The growing trust in Hungary has caused a raise in foreign investment in the country's industries and in Hungary real estate.

The wild days of property in Hungary may have past, but Hungary real estate is far from being over the hill. Hungary's government's efforts have led to improvement in Hungary's economical condition and to increasing stability. The improvements in Hungary's economical condition and its expectance to the EU have increased foreign investments, especially in Hungary real estate. Foreign investments, in turn, led to continuing growth in Hungary's economy. The improvement in economy led to high building standards for property in Hungary and to worldwide interest in Hungary real estate.

There are no limitations on capital participation.

Hungary has received over half of all foreign investments flowing to Eastern Europe since 1990, a total of 28 billion USD by 2002. This is by far the highest per capita amount in all of Central and Eastern Europe.

The ratio of high tech activities in Hungary has risen from 12% of the total of all industrial activity in 1998 to 27.3% in 2000, while the ratio of low-level technological activities to the total has declined in the same period from 60.7 % to 41.8 %.