• ENTRY LEVEL <b>INVESTMENT</b>” /><span class=ENTRY LEVEL INVESTMENTProperty prices start from €132,500
  • <b>GUARANTEED</b> RENTAL INCOME” /><span class=GUARANTEED RENTAL INCOMEThree-years rental income is guaranteed
  • <b>RENTAL</b> YIELD” /><span class=RENTAL YIELDUp to 6% per annum
  • PROPERTY MANAGEMENT <b>FEES PAID</b>” /><span class=PROPERTY MANAGEMENT FEES PAIDProperty management fees covered for three years
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INVESTMENT OVERVIEW

This investment in Budapest property allows you to enjoy an instant cash return from day one, with guaranteed rental income for three years.

The Budapest properties available for purchase from BRIC Group have undergone total renovation and refurbishment to be ready for rental. A property management company is in place responsible for finding suitable tenants.

Property options include traditional city apartments in prime locations in Budapest, all fully-equipped and rent ready. 

  • Property prices start from €132,500
  • Rental income is guaranteed for three years
  • Rental yields up to 6% p.a.– an 18% return over three years
  • 100% Freehold title
  • Full property management
  • Property management fees paid for three years
  • Three-year warranty on appliances and furniture
  • Renovated, rent-ready properties

All properties offered under this investment have been entirely renovated and refurbished. Located in exquisite buildings of classical Budapest architecture features, some on the World Heritage List, the properties are situated in Budapest’s most sought-after addresses on main avenues in the heart of its city centre.

The interior décor of the apartments is neutral, modern and bright attractive to young professionals in the city. All have spacious living areas, fully-equipped kitchens/kitchenettes and full three-piece bathrooms.

Budapest is the capital of Hungary and the city’s two districts (Buda and Pest) span one of Europe’s greatest rivers, the Danube. Its strategic location at the heart of the continent’s largest consumer and business markets makes the city a major centre for doing business. The metropolitan area has a population of around 3.1 million people of which 1.77 million live in the city itself.

Classed a World Heritage city, Budapest is home to a wealth of architectural treasures and its aristocratic buildings rank among the finest in Europe. Since Hungary joined the EU in 2004, the city has received an ever-growing number of tourists and now forms part of the mainstream European city circuit.

Known as the ‘Paris of the East’, Budapest’s main attractions lie in its beautiful fin de siècle architecture and excellent value for money. The city features as one of the 25 Best European City Breaks 2017 (The Telegraph) and as the Best Food City in the World 2017 (National Geographic).  Conde Nast Traveler’s 20 Best Cities in the Europe includes Budapest in 12th place while the New York Times places it in their list of 52 Places to Go in 2017.

Described by CBRE in early 2016 as “one of Europe’s hottest tourist markets right now”, Budapest is experiencing a continual increase in visitor figures. According to the Hungarian

Statistical Institute, international visitors staying in hotels in the capital between Q4 2015 and Q4 2016 increased by 5.8%. In December 2016 alone, international hotel nights rose by 22%.

 Bolstered by the strong Hungarian economy, Budapest maintains steady economic growth and low unemployment. In January 2016, the unemployment rate stood at 3.6 per cent, considerably below the national 4.4 per cent.

In the CBRE Global Investor Intentions Survey 2017, Budapest occupies tenth place in the ranking for most attractive European city for investment. Budapest is rated as the seventh best city for technology in Europe out of 35 contenders. Over 100,000 people are employed in the ICT sector in Budapest where 15% of modern office is occupied by tech companies.

Budapest has been identified as a lucrative market for buy-to-let investments. The combination of a strong economy, increasing employment opportunities and the corresponding low unemployment rates mean rising demand for housing, especially for rentals in the city centre.

Emerging Trends in Real Estate Europe 2017 (PwC and Urban Land Institute) ranks Budapest “up-and-coming” and identifies “the city as a beacon of opportunity in a generally low-yielding European market”. Hungarian Central Bank statistics reflect the strong activity within the market. In the Housing Report October 2016, the Bank reports that “positive labour market conditions and demographic trends towards the capital warrant higher housing market demand compared to the national average”.

According to Bank figures, house prices rose in the capital by 51.4% between Q1 2014 and Q1 2016. However, despite this price hike, the property market in Budapest reached its 2008 level in 2016 and according to the Bank, “still remains below its historic peak”.

Commercial real estate investment rose by 107% in 2016 to reach €1.54 billion, the highest ever. According to CBRE Market Overview Hungary Investment 2016, the Hungarian investment market “has seen the most dynamic expansion among the core CEE countries over the past two years”.

For its part, the CBRE Central and Eastern European Investment Guide 2017 highlights yield compression and rent growth among the strengths in the market and predicts a strong 5-year return potential. CBRE expects similar or higher investment volumes during 2017 on the back of high demand from new investors from the UAE and the returning German closed-end funds.

MARKET HIGHLIGHTS

HIGH EMPLOYMENT

3.6% unemployment in early 2017

EMPLOYMENT OPPORTUNITIES

7th best city for ICT sector in Europe

ECONOMIC PERFORMANCE

One of the best in the EU

PROPERTY INVESTMENT

Record investment in Budapest property
Up 107% on 2015

PROPERTY PRICE GROWTH

City house prices up 51.4%
Q1 2014 to Q1 2016

“A BEACON OF OPPORTUNITY”

A property investment opportunity
(PwC and Urban Land Institute)

World Heritage City

Known as the “Paris of the East”

Record Tourism

2016 best ever year
International visitors up 5.8%

Best European City

In Conde Nast Traveler’s
20 Best Cities in Europe 2017

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INVESTMENT BROCHURE

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