About Budapest

Until 1988 Hungary was firmly locked away from the outside world within the old Iron curtain of the Soviet block. Since the historic elections of 1990 Hungary has embraced democracy and moved forward quickly into the new millennium.

Wholeheartedly embracing its entry into the EU since 2004 Hungary has gone from strength to strength with more growth forecast between now and joining the monetary union making this the perfect time to invest.

Since the fall of communism in the 80’s Hungary has propelled itself into the new millennium as a young dynamic & well-educated nation.

Budapest itself is a bustling cosmopolitan city with architecture that competes with Paris and an enthralling history, fantastic food & culture thrown in that makes it much more than a place to take a city break.

Chain Bridge BudapestOf the ten new entrants to the European Union in 2004 Hungary’s economy has proved the most dynamic and it also has one of the highest per capita GDP’s. Many commentators and analysts have compared the Budapest property market to that of Ireland’s (and in particular that of Dublin) during the first few years of the 1990’s. Early bird investors have so far made a killing with Hungarian property in Budapest, but with all the economic indicators looking good, there is still a lot of growth to come.

Although between 1999 and 2003 Budapest property prices increased by 60 percent, property investors can feel secure that there is still much more to gain from buying Hungarian property here. The European Union has invested significantly in Hungary since May 2004 and this inward investment is set to continue. One important factor contributing to Hungary’s continued economic success is the drive towards adoption of the Euro set for 2012. Another factor contributing to the growth in the property market and increases in prices of Hungarian property for sale in Budapest is geography.

Parliament Building BudapestFundamentally the city of Budapest is located at the heart of Europe, few of the other new EU entrants can boast such a positive location. As an ancient European capital city it has many of the charms and cosmopolitan nature of other major European cities, which coupled with the dynamism of the economy in the decade and a half since communism makes the still very low property prices extremely attractive for both investors and those looking for second homes in a European capital of culture.

Buying a property in Budapest has never been easier with its straightforward purchase process and Arena’s full after sales service to help you with anything you may need from furnishings to lettings.

For more information on buying a property in Budapest please contact us on +36 1 266 1586 or 0800 007 6235 (UK only) You can also e-mail info@arenaestates.com and an experienced advisor will be in touch as soon as possible.