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Great location! Located by This is a large 89 m2, two bedroom flat with living room and a separate toilet with a big kitchen in the 6th district. The apartment is a 2 min walk in one direction to the main 4/6 tramline, and a short stroll over the bridge leads to Margit Island which is the largest green park space in the entire city, and another 2 min from the blue metro line located at West End City Center (one of the biggest shopping centers in Europe). The flat was completely renovated in January 2006.The bedrooms and living room faces a small street and the kitchen faces the courtyard.

Price HUF 39.900.000

Price EUR 134.000circa

Area 89 m²

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Budapest Property Market News

Prague and Budapest most favored investment targets in Europe

January 17th 2005

The Central Hungarian region offers the most favaroable growth prospects within the European Union, and the new Eastern-European EU member countries are a more attractive investment location the old member countries – say results of a London based economic intelligence house’s publication released last Monday.

Due to their macroeconomic status, new Eastern-European EU countries offer far more attractive investment locations than do most of their old EU member country counterparts; the list is headed by Prague and the Budapest centered Central-Hungarian region.

 

Six Hungarian regions in the TOP 20

According to CEBR (Center for Economic and Business Research) weighted investment index, 223 EU regions have been rated according to their economic growth outlook, local vocational education level, market size and regional EU development potential. According to the CEBR investment index based on the above mentioned factors and the 100% figure representing total EU average, the Czech Prague region is heading the pack with 178%, directly followed by the Central-Hungarian region with a 172% index.

Of the Top 20 regions, 6 are Hungarian: after the second-placing Central-Hungarian region, fourth is the Mid-Transdanube region (167%), seventh – Wester-Transdanube region (161%), fifteenth – Norther-Hungarian Plain (151%), seventeenth – Northern-Hungary (146%) and 19th placing – the Southern-Transdanube region.

 

Central-Hungary growing fastest

CEBR’s compound index contains as the biggest weight (with 43%) the given regions 2000-2006 growth average, with the 100% figure being atributed to the region with the highest expected growth potential. The baseline of this partial index is the Central-Hungarian region meaning, that in the forecast period examined by CEBR, fastest growth is expected here considering all other EU regions (no percentage figure has been published).

 

Prague – most educated workforce

Second most weighted figure for attracting investment is the 33% weighted partial index on the educational level of the workforce (secondary education and above). Prague received the 100% index in this dimension, with the Central-Hungarian region performing at 75%.

 

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1065 Budapest, Hungary
Bajcsy-Zsilinszky út 5.

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Tel: +36 (1) 219 5505
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