Csengery utca offers an exclusive investment opportunity for those who like the downtown atmosphere and its benefits and looking for a newly built property that can be easily rented out.

The construction company belongs to an experienced and well-known hotel development group. Our parent company has been operating in Budapest for more than 25 years by selling and developing real estates.

Our company, with its thorough knowledge of the Budapest real estate market, with highly qualified employees and comprehensive solutions is present on the domestic real estate market.

Modern and innovative architectural solutions, the open, spacious and sunny spaces as well as quality material use is further strengthens the value stability of the real estate. Also special attention is paid to the built-in technologies.

Location: The best neighborhoods are in the city center in every big city. This is also true in Budapest, where the 7th district has become a real star district in the past.

The condominium is located in one of the most exciting area in Budapest, between the vibrant Kiraly utca and Dob utca which is part of the famous ‘Party District. The place is in the modern cultural center of Pest which is ideal for work, learning and for fun.

Some places not to be missed: Basilica, Synagogue, Gozsdu Udvar, with excellent restaurants and nightclubs. Váci utca is perhaps the most famous pedestrian street and shopping area in Pest with cozy cafes, restaurants await visitors. Walking along the iconic Andrassy ut or Dob utca, we find luxury shops, craft shops and unique designer shops.

The neighborhood is busy and full of life. The cultural opportunities popular among locals and tourists as well as many historical monuments are located within walking distance. The constantly developing 7th district is currently one of the favorite parts of the capital for those looking for prosperous long- and short-term returns.

Very strategically located, just a few minutes walking from the main attractions of the city:

• Vajdahunyad Castle: (2.4 Km)
• Buda Castle: (5.1 Km)
• Heroes’ Square: (3 Km)
• House of Terror: (290 meters)
• Train Station Nyugati pu:  (350 meters)
• Subway Station: (550 meters)
• Hungarian State Opera: (700 meters)
• Fisherman’s Bastion: (700 meters)
• Arena Mall: (1300 meters)

Why invest in this project?

Here are some key details about the investment opportunity:

1. Strategic Location: The aparthotels will be situated at Csengery Utca, Budapest, a prime location near tourist attractions, shopping centers, and major business hubs in the city. Nearby attractions include Andrassy Avenue (500 m), Budapest Zoo & Botanical Garden (1.8 km), Buda Castle, Budapest History Museum, and Citadella (2.3 km), Budapest Ferenc Liszt International Airport (11 km), offering our guests convenient access to the best of Budapest.

2. Design and Quality: With a total of 94 units, our complex will feature an incredible indoor-outdoor pool, which will include a jacuzzi next to this, offering maximum relaxation and comfort for our guests. Additionally, all units are fully furnished, providing added convenience for our investors. The complex also harbors a restaurant, a bar, wellness areas and of course a reception to wrap-up an entire experience in this place.

3. Project Status: Currently, the project is under construction and is expected to be completed in 1 year. The 54 parking spaces will be available for sale to early buyers.

4. Profitability and Uniqueness: The ROI for investors ranges between 9% and over 12%+ annually solely from rental management. Additionally, the property appreciation has varied year by year between 10% and 13% post-Covid, adding further potential to your investment.

5. Pre-sale Investment Opportunity: This is an excellent time to invest, as we currently offer units at pre-sale prices, providing an attractive potential return for investors.

6. Choice of Budapest: We chose Budapest after an extensive analysis of over 30 cities worldwide. Over the past at least 6 months, we have studied these cities using in-house methodology with information from several tens of thousands of bookings and guests EVB has hosted in recent years, data information and analysis tools, as well as various risk level factors, among other external sources of information. This analysis led us to Budapest as one of the best cities in the world to find high-impact projects like the one we have selected, a process initiated at the request of clients and investors who have been working with EVB for several years with excellent results.

7. Complementary Experience: In addition to owning a high-yield real estate investment, this opportunity offers an excellent base to visit one of the most beautiful cities in the world at your convenience. The complex will include all services, specialized personnel, and operation included for its correct functioning at all times, as well as direct reporting to its investors. Additionally, the complex will offer 54 parking spaces for the convenience of guests, available for sale to early buyers.

Travel & Tourism Highlights:

• Hungary’s Travel & Tourism market is expected to experience significant growth in the coming years.
• By 2024, revenue is projected to reach US$1,603.00m, with an estimated annual growth rate of 3.21% between 2024 and 2028.
• This growth is expected to result in a projected market volume of US$1,819.00m by 2028.
• The Hotels market is predicted to be the largest market in Hungary’s Travel & Tourism market industry, with a projected market volume of US$734.00m in 2024.
• It is anticipated that the number of users in the Hotels will reach 3,053.00k users by 2028.

Why invest in this project?

6 Reasons to Buy Property in Budapest

Foreign investors are flocking to Budapest due to rising demand, attractive visa programs, and promising returns. Here’s why Budapest is a prime property market:

An Attractive Market

Any foreigner can buy property in Budapest, supported by favorable government policies. A Residency-by-Investment Visa is available for an investment of 155,000 EUR in real estate or by establishing a company. Visa holders gain access to all 27 Schengen Area countries. Real estate investors get a 5-year residence permit, while company founders get 3 years, with renewals possible. Hungary offers the lowest corporate tax rate in the EU at 9%, making Budapest a hot property market.

A Captivating City

Budapest, with its stunning architecture and the Buda Hills, is one of Europe’s most beautiful cities. It attracts people worldwide with its food, nightlife, spas, and cultural experiences like ballet and galleries. Buda offers a quieter lifestyle, while Pest is more commercial, both being prime investment areas.

An Ideal Climate

Budapest’s mild, Mediterranean-like climate is rarely uncomfortable, making it a year-round destination. Pleasant sunny days start around March, with early autumn temperatures ranging between 19°C and 24°C, making it a popular time to visit.

Connectivity

Centrally located in Europe, Budapest is highly accessible. Budapest Ferenc Liszt International Airport supports numerous international flights. Train travel is also convenient, with direct routes to cities like Munich, Prague, Vienna, and Warsaw.

Prime City Break Destination

Budapest’s tourism is booming, with over 14 million guests in 2022, a 40% increase from the previous year. Nearly 4 million tourists visited Budapest, 82% of whom were from abroad. Ranked 5th in Holidu’s Must-Visit European Cities for 2022, Budapest continues to gain popularity.

Strong House Price Growth

House prices in Hungary have surged, with a 23% increase year-on-year in September 2022. Newly-built apartment prices in Budapest have risen over 30% recently but remain affordable compared to other European capitals. For example, new homes in Budapest cost 5,700 EUR/sqm, compared to Vienna’s 12,000 EUR/sqm and Berlin’s 16,000 EUR/sqm.

Best timing purchase opportunity:

• Hungary’s housing market conditions are deteriorating fast, amidst plunging demand and weak residential construction activity, coupled with an ailing economy.
• Hungary’s nationwide house price index rose by 2.82% during the year to Q2 2023, a sharp deceleration from y-o-y increases of 10.56% in Q1 2023, 17.19% in Q4 2022, 24.12% in Q3 2022 and 24.85% in Q2 2022, according to figures from the Hungarian Central Statistical Office (KSH). When adjusted for inflation, the index actually dropped by 15.6% over the same period.
• On a quarterly basis, house prices fell by 1.69% (-2.95% inflation-adjusted) in Q2 2023.

*Full Market Research available for potential investors.

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