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SOME USEFUL TIPS: BUDAPEST, WHY INVEST?
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Of the 10 countries joining the EU on 1 May 2004, Hungary has proved to be the most dynamic,
with one of the most stable and wealthy economies in Europe.
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20% of Hungary’s population resides in Budapest which generates 60% of Hungary’s GDP.
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More than 45 of the 50 largest Blue Chip multinationals have already
established their European hubs in Budapest.
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A shortage of hi-spec new-build accommodation in the city centre (where much of the
residential accommodation is in need of renovation) has resulted in a captive rental
market driven by increasingly affluent citizens and foreign employees.
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Budapest is an increasingly popular year-round city break destination
due to its enviable climate, rich cultural heritage, wide-ranging
cosmopolitan appeal and world-class transport infrastructure.
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Already served by budget airlines such as Easyjet, Wizz Air and British Midland
(in addition to scheduled flights by British Airways and Malev), BAA’s successful
2006 bid for a 75% share of Budapest’s Ferihegy Airport signals the way for further
expansion and modernisation making Budapest a future mainstream hub
for flights throughout Europe and beyond.
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Budapest property prices are significantly undervalued, with
year-on-year prices rising by between 10 and 20% since 2004.
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Predicted to be Europe’s logistic centre of the future, Hungary’s
16% corporation tax is one of the lowest rates in the EU.
source: www.vivaestates.com
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