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Land Plots with planning near Lake Balaton, Hungary
- Freehold Land
- From only £7000
- Consent to build
- Easy to purchase
- High Potential growth
- An Excellent Investment
Knight Knox International Ltd are pleased to offer an opportunity to
invest in exclusive freehold Land Plots with consent to build
"Europe’s best kept secret"
Prices start from only £7,000 for large and strategically located land plots, each with full planning permission to build.
Situated around Lake Balaton, Hungary, EU
‘This is one of the best mid term investment opportunities we have seen
in Europe, offering exceptional potential returns based on the proposed
development and re-generation of the area and the increasing demands of the tourism and economic growth expected over the next 5 to 10 years’
Introduction
For an extremely low price you can own your very own piece of freehold real estate situated near to the largest lake in central Europe - Lake Balaton. A beautiful area that boasts fine scenery and plenty to do, within a stable European country that is easy to travel to.
These plots are all fully freehold and can be built on now or in the future and are all within striking distance to Lake Balaton itself. Payment terms can be spread where necessary making this investment an excellent low-capital longer term investment. These plots are a sound addition to a property portfolio within a full European country with a bright future and high potential capital growth.
What do you buy?
You are able to purchase large plots of land with consent to build now or at any time in the future, from only £7000. All have road access and services to the boundary and are individual plots with full title and in village locations (i.e. not a division of a larger piece of land).
The plot sizes range, in the main, from approx 1000 to 5000m2, (i.e. all fairly large and some over an acre). The normal build allowance on such plots is 25 to 30% on the ground floor, which is as big a house as anyone would require.
How do you buy a plot?
Once you have discussed and chosen a plot, seen or unseen, you can make a reservation payment
and the plot is taken off of the market and then, as legal title is passed to you, you pay the balance
which can be spread into short term payment plans, and then complete. You then own the land in full
and can chose to build now or in the future, or sell on as prices rise to make a profit.
*Example:
Land plot 2200m2 at £10,400
Reservation amount due £3000
With 3 to 6 months to pay the balance of £7400
The only other costs are legal fees of £900 max and 10% purchase tax max
= Total cost of £11,300 for a plot of over 1/4 an acre
Is this purchase safe and easy?
Owning land and property in Hungary is one of the safest investments in emerging Europe; Title is full and clear, with the security of reserving through a UK company with strong legal diligence in place and in turn alongside a partner company, with over 15 years of experience in Hungary selling to foreigners, there to protect and guide clients.
A straight forward purchase and in a country where Foreign Nationals can not only own their piece of Hungary but are truly welcomed by the Hungarians. Foreign Nationals are not seen as a threat buying up land and property; indeed there are areas where Foreign Nationals are restricted in what they can buy - in place to protect the natural beauty of the country and values for locals - but in the main foreign investment is seen as a positive input to the local and national economy and future growth.
Balaton was featured on ‘A Place in the Sun’ and various other TV property programs recently and is much talked about as a ‘hot spot’ for property investment and recreation.
Location
Hungary is situated in Central Europe, sharing borders with Austria, the Slovak Republic, Ukraine, Romania, Croatia, Slovenia and Serbia. There are several ranges of hills, chiefly in the north and west. The Great Plain (Nagyalföld) stretches east from the Danube to the foothills of the Carpathian Mountains, to the mountains of Transylvania in Romania, and south to the Fruska Gora range in Croatia. Lake Balaton is the largest unbroken stretch of inland water in Central Europe. The capital of Hungary is Budapest, a culturally rich and thriving city.
About Hungary
Hungary has a rich culture and history and is unique in many ways, including its language, food and ability to ‘survive’ over the centuries. Settled by the Magyars (a Finno-Ugric tribe who arrived via Russia in the ninth century), the country and its people have remained true to their heritage despite Mongol invasion in the 13th century, Turkish occupation in the 16th and 17th centuries, Austrian rule (co-Empire) in the 18th and early 19th centuries, and communist domination in the mid 20th century.
Hungary came out of communism fairly peacefully and back to democratic independence in the early 1990’s and joined the EU in 2004. Although not definite Hungary expects to join the Euro currency by 2012, which should have a positive affect on the economy and real estate values.
The pride locals have for their nation is immense, but it doesn't spring solely from the stalwart strength of their nation. Hungary is also home to historic urban centers and evocative landscapes, not to mention quality wines, rejuvenating thermal springs, and a thriving arts and music scene. Hungary has a reputation as being less corrupt than most of its neighbours and has a low crime rate especially in the country areas such as Balaton.
Most importantly land ownership is clear and clean in Hungary as we have mentioned above and the country went through several years of concluding any issues of ownership left over from the communist period and so now deeds and title are clean to be bought by Foreign Nationals.
Budapest, the capital, is a fantastic city split in two by the Danube. Buda is older, hillier and more graceful, while Pest is the commercial centre dotted by gorgeous art nouveau buildings. Budapest contains the country’s best bars and clubs, and has been a long-time haven for writers, artists and musicians. Other centers, such as Eger, Pécs, Szentendre, Sopron and the Balaton area,
to name but a few, are vibrant places with rich histories,stunning architecture and beautiful landscapes.
Lake Balaton
Lake Balaton is approx 1hr 20 mins from Budapest via a new motorway link that runs from the southern outskirts of Budapest right down to the southern end of the lake which makes the entire Lake easily reached. The Lake is also approx 1 hr 30 mins from the Austrian capital Vienna and only 3hrs drive to the Adriatic coast.
To give you some idea of the Lakes size, it is just under 4 times the circumference of the Isle of Wight - a round trip taking in excess of three hours. It is 50 miles long and is central Europe’s largest lake. The lake offers some of the best in-land sports and water based facilities in Europe and has many spas and wellness facilities. The attraction to many investors and clients buying as a holiday home or for retirement is the similarity of the area being like England was perhaps 50 years ago (with very few cars, low density build, a relaxed and safe feel and lovely countryside) and yet an easy but efficient place to live with the modern day technology we have come to expect (there are even a number of 24 hour Tesco supermarkets near the lake area)!
The beautiful Lake Balaton has a 200-km shoreline. It is known as the ‘Hungarian sea.’ where you can enjoy: yachting, swimming, golf, fishing, cycling, and water sports.
The lake is in the centre of a large wine growing region and has many fabulous beaches and thermal spas.
The surrounding towns have a wonderful mix of modern and old, with historic buildings and charm.
The area is well protected by the government to secure its natural beauty for the long term.
The climate and Lake Balaton
Hungary has a “continental climate” with cold winters and hot summers – a place where you can fully experience the four seasons. Visitors and property owners from the UK find it similar to the UK but more pronounced, (i.e. colder in the winter, warmer in the summer) and with very clear seasons. This weather cycle keeps the landscape ever changing and generally green and has, combined with the soil (containing volcanic rock), made the region notable for its production of wines since the Roman period two thousand years ago.
Although the peak season at the lake is the summer, lovers of Balaton think that it is also worth visiting even in winter, when you can go fishing through ice-holes! If the ice is thick enough, brave visitors can even skate, sledge or ice-sail on the lake. Also the area is quiet at this time of the year whereas the summers are buzzing with tourists from all over Europe.
Tourism
Hungary is a popular tourist destination, both for ‘city breaks’ to Budapest the thriving capital and to the Balaton area, especially for the outdoor sports and wellness centres. The high tourist season extends from June until the end of August. The average water temperature during the summer is 25°C,
which makes bathing and swimming possible. Many resorts have artificial sandy beaches and all have step access to the water.
The major resorts around the lake are Siófok, Keszthely and Balatonfüred. Siófok is known often as the "Party Capital of Hungary", which attracts many party goers in summer due to its numerous large discos and nightlife. Keszthely is the site of the famous Festetics Palace and Balatonfüred is a historical bathing town home to the annual Anna Ball. The climate and landscape lends itself to outdoor sports and activities and combined with healthy food makes the lifestyle at the lake a healthy one.
The Tihany Peninsula is an historical district and as such commands house prices in excess of £200,000. Like many of the historic areas and vineyards Tihany is a protected area and foreign nationals cannot buy there. These restrictions keep good feeling with the locals as well as secure the culture and beauty of the area.Other tourist attractions include sailing, fishing, Golf, Spas, Horse Riding, walking, cycling, tennis, hunting, cycling, bird watching, water parks, wellness centres, camping, places of interest, many restaurants and vineyards and even skiing in nearby Austria!
Getting there
Balaton is served by the main Budapest International Airport, with flights from most major European cities. From the UK there are flights from all major airports many with the discount airlines with fares from only £20! There is also an airport at the lake which is serviced by Ryanair from Stansted. You can also fly to Vienna, other neighbouring capitals or even drive.
Regular low-cost flights from UK airports to Balaton and Budapest including Easyjet, Ryanair, Jet2.com, Wizzair, Male
Property purchase
Lake Balaton has so much to offer and is now a very desirable area in which to own real estate as an excellent investment and property for personal use.
Permanent move: Many people from Europe and in particular the UK have bought property in the Balaton area of Hungary as a permanent home, sometimes to retire to. They are attracted by the relaxed lifestyle, good food and outdoors living, alongside the superb value property prices and low cost of living.
Holiday Home: As a tourist destination the area is ever increasing its facilities and attractions and so many people are buying a home there to use for holidays or sport (especially fishing, wellness, hunting, sailing and golf) and also with the potential to generate income from renting the properties out.
Investment: Buying land or property in Hungary, especially in the low cost area of Balaton, is seen as a great investment. Capital values are expected to increase and the current low entry cost is attracting many investors and that in itself will drive prices up. More importantly there is an existing local and general European resale market that other emerging neighbour countries do not have.
There is really nowhere else in Europe of equal standing or with such scenic beauty where you can buy a plot of freehold land with building consent, at such low prices and with such growth potential.
Land Plot Proposition
Knight Knox International have secured a select number of plots around the Lake at very competitive prices – please see attached availability list which also show the individual prices for these plots – they are exclusive to us and have been chosen as they represent the best value and are strategically located in relation to future devlopment and tourism.Lake Balaton is a sought after area by both Hungarians and foreign nationals alike – many Hungarians are looking to move out of Budapest to raise families and get away from the capital’s fast paced lifestyle for a more tranquil life. There is also a large ex-pat community
growing around the Lake nowadays with many relocating to take advantage of the sports, modern medical centres and above all the peaceful lifestyle.
This demand is being reflected in the prices we are now seeing for houses around certain centres and towns, new housing is in high demand especially around or close to the many thermal spas for which Hungary is well known – some Clients who bought 2 or 3 years ago are seeing incredible returns on their original investments but the market is still in its infancy and healthy capital growth is still predicted.
Knight Knox are offering the land plots with planning permission for a building that can be up to 25% to 30% of the size of the plot on the ground floor– we can also offer to work with each Client to secure an architect and a company that can build an ecofriendly house from as little as £30,000 (subject to finish). For those who wish to sit on a land investment that, in time, will increase in value, we feel that this is an excellent land-banking opportunity. Knight Knox and our partners at Lake Balaton have successfully worked together over the last 5 years without client complaint or dissatisfaction, and have sold land plots and houses up to approx £150,000.
Planning permission is granted in perpituity (i.e. it will never run out), so even if you pass the plot onto your children they can still build their own home in the future – Title likewise will be passed on to the next of kin so it will never be taken away or lost and this is of great importance to most of our investor clients.
An experienced Lawyer will take care of all searches on the land and legal process involved of taking ownership and will produce the results that guarantee the lands integrity and it’s clear Title.
All funds are held on a secure account with the solicitor until the Notary appointment when they are transferred to the seller, in the same way as buying or selling in the UK.
Financial Details
Please see the attached list of plots. Payment plan options can be discussed.
Legal costs are max £900 – this covers all searches with owners, land registry, and instructing the Notary to produce the Title deeds and any translation services that may be required
Taxes : There is a one off payment of 10% for land purchases
Ultilies : when required will cost in the region of £600 to connect
(mains water, drainage, gas and electric)
Architects will usually charge around £300 for a set of
drawings and there is a fee of around £300 for planning
application submission
Build costs range greatly relative to materials etc but start
from approx £300 per m2.
Payment Options
Reservation fee in all cases : £3,000
Option 1 : Single payment of full asking price less the £3,000 £500 discount
Option 2 : Payment spread over 2 months £250 discount
Option 3 : Payment spread over 3 to 6 months No discount
Please call Knight Knox International for individual specification sheets on the land plots available and to discuss any questions you have. |
