About Capital Real Estate Budapest
The Company
Capital Real Estate Budapest was founded in 2004 and is one of the premier real estate agencies in Hungary. We offer residential and commercial properties to local and international investors.
For its own benefit, and that of its clients, Capital Real Estate Budapest seizes the extraordinary opportunities which exist in owning real estate in the newly ascended Central European countries, specifically in the capital cities such as Budapest.
Such a strategy employed in the burgeoning Budapest real estate market (Hungary joined the EU in May, 2004), has historically produced per annum returns on investment in excess of 30% or more taking into account appreciation, rental income and modest renovations.
These returns are documented and are likely to accelerate as Hungary gains access to new markets and benefits from European grants as did Ireland when they joined the E. U. on the 1st of January 1973. Moreover, Budapest will be among the beneficiaries of the tens of millions of retiring foreign nationals, who over the next 10-20 years, will emigrate to lower their living costs. It has been estimated by the British Bank Alliance* that in the U.K. alone, fully 1/10th of the population - that is 6 million British nationals - will have done just that by the year 2020.
Capital Real Estate realized that with their intrinsic knowledge of the Hungarian, but more importantly the Budapest real estate market, that they would be in a prime position to pair up sellers from Hungary with astute investors from all across Western Europe and the United States . This is why they chose the best sales people from Ireland, the U.K., the U.S., Canada and all of Europe to assist them. This is a historic time for Hungary and brilliant money making opportunity for investors.
* Information from The International Herald Tribune http://www.iht.com/articles/2004/07/24/rprop_ed3_.php
Contact us with Your questions
on +36 (1) 219 5505 or by email.
FRIDAY, MARCH 16, 2012 INTERNATIONAL HERALD TRIBUNE
Investors are making their way back to Budapest
BY PALKO KARASZ
Prices are some of lowest in Central Europe
With bargains still available Hervé Morin, a French-American business consultant, had to look for quite a while before he found his investment bargain in December 2011. ‘‘I knew it was time to put money in real estate,’’ he said, but he could not decide on which appealing segment of the Hungarian capital’s property market to place his bet — from high-end family homes to pied-à-terre in the city center. Mr. Morin ended up selecting an 87- square-meter, or 936-square-foot, residence near Deak Square, in the very heart of the city. He paid less than EUR 100,000, or USD 134,000, for the property and what he called a floor-to-ceiling renovation to divide it into two studios. Now he is renting them out and hopes to get an annual return on his investment of somewhere between 6 percent and 8 percent. International buyers like Mr. Morin are slowly returning to Budapest, after shying away from the Hungarian market since the global economic downturn in 2008, local real estate dealers said. Investors, mainly from Western Europe, are being lured back to a city that offers some of the lowest prices in Central Europe, with high returns, and some good bargains still available. Also, the capital, which stands on the banks of the Danube, was classed by the 2011 Mercer Quality of Living index as the region’s second-most appealing city, bested only by Prague. ‘‘There has been a significant shift in Budapest’s real estate prices in the last four years,’’ ‘‘If you come to Hungary, there is only one place, Budapest,’’ said Zoltan Szemes, head of Capital Real Estate, highlighting the low cost of living, cultural opportunities and attractive surroundings. For example, the central Districts 5, 6 and 7 have preserved their architectural unity, including the Opera House on glossy Andrassy Boulevard, part of a Unesco World Heritage site.
Please download the PDF for the full article here.
PLEASE NOTE THAT THE AVERAGE PRICE IS 1400 EUR PER M2 NOT 850 EUR.
We are proud to say that our properties have been featured in two Hungarian magazines.
Gentleman' Choice and Polgari Otthon. Please click on the picture to download the PDF.
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.....................Gentleman' Choice....................................................Polgari Otthon...............................
Capital Real Estate prides itself on taking professional care of every single client. From the first call to being with you at the signing of the contract, we will stand by you and protect your interests.
Here are some testimonials from our clients.
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- The deal could not have closed without Ernest! He gave us continuous quality. He took the time to satisfy the customer. I was constantly informed as to the status of our offer."
Mike D. - Toronto
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- Thank you for setting us up in Budapest, we love it here. My wife was a little bit scared of our move to Hungary but with the profesional help we recieved from Oliver, it was an easy relocation. Thank you again.
Vern and Amy, BVI
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- We found Capital Real Estate because of their advertising and marketing prowess. We called them for real estate advice and were impressed with thier style and demeanor. We viewed many flats with them. Capital Real Estate is a very knowledgeable real estate company of highest integrity. We highly value our relationship them.
Will and Mary, Southend
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- 'Having recently purchased a flat via Capital, I can, from experience thoroughly recommend this company. The staff are friendly and professional, the process was simple, and comprehensive. The level of cooperative was maintained throughout, and post, transaction completion. Without doubt I would utilise this company again and have no hesitation in recommending them for future transactions.'
Stuart from Aberdeen, U.K.
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- Outstanding service! Buying a second home or an investment property can be quite stressful and time consuming for busy people. Capital's attention to detail, proactive ideas and preparation beforehand allowed us to find our property in record time with a shortened stress period. Our agent (Adri) sense of humour was greatly appreciated, especially helpful in overcoming tension. Capital's prep work and timing in the showing of properties was in our opinion outstanding. Their advice on negotiations were spot on. Capital's opinion (positive & negative) on each flat was a big help for us. We are extremely satisfied with the law firm's service as well. All through the process we have been well advised, informed and updated regularly. More in general we've found hungarian people friendly, serious on business and Hungary very easy to be approached by a foreign investor. This was our smoothest property purchase by far .
Davide and Giulia from Bologna , Italy,
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- We wanted to let you know how much help Andrew Dorrian was to us during our stay in Budapest, last May. We went to Budapest for one week with the hope of buying an apartment from A1, but quite frankly were a bit concerned about being able to visit many properties, select the apartment most suitable for us, and actually complete the purchase, in such a short time. Amazingly, we were actually able to find a charming flat on Ipar utca, and completed the purchase. Andrew deserves a great deal of credit for making this possible by hard work and perseverence. Andrew was in contact with us before our visit to make arrangements for us to view the properties that we were interested in. He took us to the properties, arranged a meeting with a tax accountant to answer our questions, made sure that we set up a local bank account, set up meetings with the lawyer who is overseeing the final stages of the escrow, and put us in contact with a management agency who will make our flat ready to rent. Since we have been back to the States, Andrew has been in touch to make sure that all of the final stages of the transaction are going smoothly. Many thanks to Andrew, and to Capital Real Estate, for making our trip to Budapest a successful experience.
Best Regards,
Victor and Felicia, USA,
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Just like most of the countries that have been progressing towards the European Union, Hungary has also become a focus point of foreign investment in the last couple of years...
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1065 Budapest, Hungary