As has been well documented, the stunning Czech Republic city of Prague became of such intense interest to international real estate investors even before the Republic joined the EU because it boasts almost inimitable charm, attraction and opportunity. When Hungary and the Czech Republic joined the European Union back in 2004 they set the standards for economic achievement that the rest of the new entrants could only dream of achieving. Both Hungary and the Czech Republic not only embraced their new membership status, they went out of their way to create an environment so conducive for inward investment that both countries are
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I say almost inimitable because Hungary’s capital city of Budapest is equally well endowed with stunning ancient architecture, cultural attraction and a unique and timeless appeal. As a direct result Budapest is suddenly becoming one of the hottest European cities for tourism and the business environment is so buoyant right now that the numbers of expatriates heading to the city for work is at an all time high. These factors mean that the demand for real estate to rent is outstripping the current supply of well located and appointed property and prices in Budapest are starting to soar.

And one of the real reasons for this is the fact that property prices in Budapest are up to 25% less than those in Prague, and the past couple of years have seen price gains in the most desirable
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Over the medium term the demand for property in Budapest will not slacken but the property price margin increases will slow down as prices reach parity with the Czech Republic. After this period of time it is likely that prices will continue to rise in line with local affordability and that potential rental income will still be impressive. Those real estate investors who are buying right now have the strongest chance of realizing the greatest gains.

The Hungarian capital city of Budapest is hot on the heels of Prague in terms of the profits and income real estate investors are realizing from well located and appointed property. If you compare the potential fortunes of Budapest with Prague you will see just how much room there is in the market for growth and return, and how far demand can actually go for property for sale and rent in this stunningly beautiful Hungarian city.

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