Budapest Property for Sale
THE GARDENS, BUDAPEST

THE GARDENS, BUDAPEST - THE LOCATION

The Gardens Budapest is located in District XIII which has long enjoyed a reputation as Pest's attractive riverside district, with superb views of Margaret Island and excellent road and public transport links to the city centre. It is situated directly on the metro line, which serves both the city centre and universities and is now enjoying a new lease of life as an up-and-coming business district. Traditionally a middle-class suburb offering comfortable housing, it is now being developed as an upmarket docklands area, with many new housing projects designed to appeal to the new residents arriving to enjoy District XIII's unique ambience. Dedicated shoppers will also be interested to learn that it is the home of West-End City Centre, Budapest's largest shopping centre. The Vaci ut office corridor runs through District XIII and it is lined with office complexes and Class A offices. Many banks and international companies relocate to Vaci ut and the two biggest office complexes, Duna Tower and Europe Tower are also here.

In addition to this, the headquarters of the police and social security as well as dozens of office buildings, hotels, car showrooms, bank and insurance company buildings are all located here. The following global brands operate in close vicinity: KPMG, Sony Ericsson, 3M, Bridgestone, Knight Frank, Lombard Insurance Group, Oriflame, Allianz Bank, Ferring Pharmaceuticals, Fortis, Porsche Bank and Ricoh. Within these companies there are 7-10,000 professionals seeking quality accommodation, close to their place of work. The area is rapidly becoming hugely popular and the infrastructure is impressive, with tram, metro and bus connections close by, as well as easy access by car either to the centre or the ring roads. With great rental yields and strong capital appreciation in the district, this area is one of the best options on the market for investors looking for a buy-to-let investment.

Please send me more details about Budapest property

THE GARDENS, BUDAPEST - RESORT FACILITIES

• Exclusively designed 1,100 sqm of private landscaped gardens including a tranquil water feature
• The garden will contain wooden benches in shaded areas, beautiful flowers and sub-tropical trees
• Easy access to parks, greenways, tree-lined avenues and transport links
• Pre-installed air-conditioning
• Refined modern rendered facade with contemporary steel detailing
• Elegant powder-coated steel French balconies and terraces with all apartments
• High-speed elevators to all floors, including parking and storage
• Concrete frame construction with sound insulating floor slabs for excellent sound and thermal insulation
• Interior designed lobby area
• Secured parking
• 70% of apartments overlook the south-facing gardens
• Supermarket nearby

Please send me more details about Budapest property

THE GARDENS, BUDAPEST - SPECIFICATION

• Solid wood entrance doors with overhead accent lighting.
• Large, high-quality windows and sliding patio doors.
• Bespoke Italian ceramic tiled entrance.
• Parquet wood flooring throughout all apartments.
• Pre-installed high speed wireless broadband internet services.
• Communal satellite dish providing 100+ European channels.
• Wall-to-wall tiling in bathrooms and kitchens

• Fully furnished and integrated kitchens.
• Fully fitted with quality appliances.
• Spacious, open-plan kitchen designs.
• Modern kitchen cabinets with stylish stainless steel hardware.
• Ceramic tile flooring.
• Attractive surfaces and backsplash.
• Stylish light switches and sockets.

• Modern bathroom taps, porcelain sinks and polished chrome fittings.
• Deep bath with polished tile surround.
• Generously sized walk-in tiled shower.
• Designer ceramic tile flooring.
• Tailor made mirrors.

• The foundations will be constructed using a system of isolated footings and beam footings in reinforced concrete. This will be covered by reinforced concrete to support vehicle traffic.
• Purpose built structure with reinforced concrete pillars. One-way slab flooring including electro welded netting. The entire foundation and structure will comply as per the design and the execution, according to EHE and new build regulations.
• Two layers outside front walls, formed by ceramic brick, with 4cm thick expanded polystyrene insulation and partition brick walls, laid with cement and covered on the interior with plaster.

Please send me more details about Budapest property

THE GARDENS, BUDAPEST - THE INVESTMENT

Prices from under €100,000
With low property prices compared to most European capital cities, Budapest is benefiting from €22.6 billion Euros from the EU, and with new tax benefits for property investors and an exciting leasing finance market with up to 85% Loan to Value for non-residents, it is widely expected that properties in key areas are set for sustainable growth and high returns on capital invested.

2 year rental guarantee - 6% Net
With strong domestic rental demand in key districts across Budapest, the developer is offering purchasers at The Gardens a rental guarantee of 6% for 2 years from completion. The return will be paid in arrears on a monthly basis and is guaranteed at a minimum of 6% of the property price Net of all costs.

Only 15% deposit required
Purchasers at The Gardens are only required to pay a low deposit of 15% of the purchase price with nothing further to pay until completion. On completion the balance of 85% will be covered by a pre-arranged finance facility.

VAT efficient purchasing
In Hungary the VAT (AFA) is included in the price so unlike locations such as Spain purchasers will not have to pay VAT on top of the purchase price; meaning the VAT can be included in the mortgage as opposed to being an extra cost and drain on capital.

Hungary is due to adopt the EURO in 2013
It is scheduled that Hungary will join the European Monetary Union in 2013 which means the Hungarian Forint will be converted into Euros. Looking back at historical trends, every country to adopt the Euro has benefited from an immediate 15%-30% increase in property prices.

No Capital Gains tax after 5 years
From January 1st 2008 there was a new legislation introduced for private individuals buying property as an investment in Hungary. Properties bought by a private individual and sold in the fifth year of ownership or after will be subject to 0% capital gains tax.

Low status 85% LTV leasing finance
Hungary is one of the few countries where you can use leasing finance to purchase residential property. The leasing company owns the title deeds to the property for the term, which can be up to 30 years, but during this term the purchaser has unrestricted use of the property to either rent it, live in it or sell it. At the end of the leasing term, the title deeds to the property automatically transfer from the leasing company to the purchaser. Also, the lease and eventual full ownership of the property can be transferred, for a small fee, to another person at any time.

Pay interest only payments on 80% of price
Unlike a mortgage, on a lease you pay interest on the capital borrowed, NOT on both the capital + VAT. As VAT is included in the price in Hungary, you pay interest on just 80% of the purchase price, reducing your monthly payments by 20%.

Defer up to 30% of the price for up to 30 years
An open-ended lease contract allows the buyer to defer the payment of a nominated % of the lease capital (this % becomes a "balloon" or "bullet" payment). This leasing offer allows you to defer payment of up to 30% of the leased finance amount until the end of the 25 or 30 year leasing term.

No fees for 2 years and no communal charges
For the first 2 years after completion the rental guarantee is NET of usual ongoing letting, management and communal costs associated with a Buy-to-Let investment property. After that period the tenant also continues to pay the communal costs, which in most countries are the responsibility of the landlord.

Please send me more details about Budapest property

WHY INVEST IN PROPERTY IN BUDAPEST, HUNGARY

• €22.6 Billion of EU funding currently being invested in the country
• Stable, growing economy
• Property prices still low relative to other Central European cities and Western Europe
• Stringent and dependable legal system
• Euro adoption expected in 2013
• Popular location for large multinational companies, over 45 of the 50 blue-chips located in Budapest
• Lively buy-to-let market with strong domestic demand for high spec apartments
• Expected that properties in key locations will significantly increase in value over the next 5 years
• Considerable local buying power and equity in domestic properties
• Budapest generates 60% of Hungary's GDP
• First-class public transportation system
• Mortgages now available to foreign investors of up to 85% LTV with option to defer
• VERY tax efficient - from 1st January 2008, no capital gains tax on properties owned for 5 years
• 2 new bridges being built over the Danube
• New shopping and leisure development in Budapest - largest shopping mall in Central and Eastern Europe

Please send me more details about Budapest property

Mississippi Property	Vineyard Investment	Crete Property	Dom. Republic Property	Florida Property	Bahamas Land & Property

Greece Property	Panama Property	Cyprus Property	Portugal Property	Mexico Property	Budapest Property

Insight Property Group operates separate divisions for countries where we specialize.
See our dedicated websites below:

Worldwide Property	Spanish Property	Morocco Property	Brazil Property	Turkey Property

 

Links | Site Map | Telephone 0844 417 0596 | ©2009 Insight Property Group | Budapest Property