Overview of Hungary

On this page you will find links to details of Hungary holiday homes for sale and Hungary rental accommodation. This is a beautiful country with cheap property prices and the cost of living is also a lot lower than many other countries. The Republic of Hungary is a landlocked country and located in Central Europe. It shares borders with no less than seven other European countries; Austria, Slovakia, Ukraine, Romania, Serbia, Croatia and Slovenia. The country has a wealth of charms and its capital city Budapest has a lively arts and music scene, it is a popular destination with travellers and is generally seen as the most important area by overseas property investors. Other important cities in Hungary include; Debrecen, Gyor, Miskolc, Pecs, and Szeged. Property prices have been increase steadily in recent years and experts predict that this is set to continue, Hungary is developing quite a healthy buy to let market and this is helping to move property prices upwards especially in the capital city. Many major companies (e.g. Electrolux, Nokia, GE) have moved offices to Budapest creating a major demand in the residential rental market for employees, investors have latched on to this and many have bought property safe in the knowledge that they can achieve strong rental yields. Compared with other European cities, property prices in Budapest are still on the low side and increase of 15% per annum are still being predicted. Buying property is Hungary is not over complicated and with the Hungarian authorities committed to joining the euro zone before the end of 2012, the actual process of buying property is likely to become easier and this in turn should see prices increase further