Property experts see hunger for Hungary
A tourism boom, combined with low property prices, are making Hungary a prime target for investors.
That's the belief of analysts at investment firm Knight Knox, whose managing director, Jeremy Knox, described its new investment in a housing development near Lake Balaton as "some of the best mid to long-term investment opportunities we have seen this year."
The area is well-situated, being one hour 20 minutes travelling time from the Hungarian capital, Budapest, and one hour 30 minutes from Vienna. The Adriatic coast, another area which has boomed since the end of Communism, is three hours away.
Such developments are part of a major rise in investment in travel and tourism which the country is enjoying. It is expected to continue to rise at an annual rate of 4.5 per cent for the next 10 years.
Knight Knox adds that one of the main reasons that Hungary is so attractive to overseas investors is the ease with which foreign nationals can buy land and property.
Back to News Home Page