Home to over 10 million people, Hungary is a country rich in both culture and history and has much to offer in terms of property investment opportunities to overseas buyers. Predicted to attract over 9 million tourists in 2012 by the World Travel and Tourism Council, a rise of 2.9% from 2011, the country is benefiting from an influx of visitors and foreign investors, all eager to visit a country not affected by the current Euro crisis.
Working alongside an experienced partner company who have been based in Hungary for many years, Knight Knox International has a wide range of properties in the vicinity of Lake Balaton, at extremely competitive prices.
Properties located in idyllic villages close to Lake Balaton and local towns are available from as little as £7,926. Each one has at least 1,500sqm of land and the low price point gives investors the option to increase the size of their property and build a large family home or retirement villa.
Known as the Hungarian Sea, Lake Balaton is the largest thermal lake in the world and is 50 miles long, offering some of the best in-land sports and water-based activities in Europe.
Located approximately 1hr and 20 minutes away from Budapest, 1 hour 30 minutes from the Austrian capital of Vienna and a 3hr drive to the Adriatic coast, the area is popular with both Hungarian nationals and tourists alike. In the centre of a large wine-growing region, the surrounding towns are a delightful mixture of old-world charm and sophisticated modern living, attracting many Britons with the prospect of investing in a retirement apartment or holiday home.
“These are some of the best mid to long-term investment opportunities we have seen this year”, comments Jeremy Knight, Managing Director of Knight Knox International. “The potential returns, based on the proposed development and re-generation of the area are fantastic and with prices starting at just £7,926, these properties are a prime opportunity for anyone looking to invest in Eastern Europe.”
One of the main reasons that Hungary is so attractive to overseas investors is the ease with which foreign nationals can purchase land and property, particularly when buying through a specialist company like Knight Knox International. The buying process is extremely straightforward, as foreign investment is seen as a positive input into the country’s local and national economy and and a boon to future growth, in-line with the governments ambitious economic reform policies which are currently in place.
With investment from travel and tourism in the country predicted to rise by 4.5% pa over the next 10 years to HUF 268.1bn, Hungary is a country ripe for investment.
Knight Knox International is one of the North West’s leading property investment firms, selling a wide range of lifestyle and investment properties worldwide. Experienced at selling properties in over 50 countries around the globe, our property consultants are well placed to advise investors on the best product for their portfolio(s).
For anyone interested in purchasing a property in Hungary, viewing trips are available from £99. For further information regarding this incredible investment opportunity, please contact Knight Knox International on +44 (0)161 772 1370 or email [email protected]