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OC ICS Publications
Address: Lajos u. 78
City: Budapest
Area: III. district
Phone: +36 1 430 3120
Fax: +36 1 430 3121
Opening Hours: 9:00 am - 5:00 pm
City: Budapest
Area: III. district
Phone: +36 1 430 3120
Fax: +36 1 430 3121
Opening Hours: 9:00 am - 5:00 pm
With over 100 franchise offices in Hungary, Otthon Centrum has led real estate development and sales both in Hungary and Central-Eastern Europe for nearly 10 years since 1999.
| The Company | Off-Plan Property | Services | Publications |
Why invest in Hungary?
- Budapest property prices are 20% to 30% lower than those of Prague and Warsaw, and 5-6 times cheaper than prices in Paris, Dublin, and London.
- Extensive finance options for the UK and Irish markets! Hungary is a country where you can reach a 70-80% LTV (loan to value) and if your’re borrowing less than 65%, you do not have to provide a financial status report!
- A very tax-efficient investment. From 1 January 2008, property investors pay no capital gains tax in Hungary on any property they own for 5 years or over.
- n September 2007, the EU approved a total funding of €25 billion to be invested in Hungary over the next 6 years to accelerate economic growth in the country. The effect of this huge funding influx has already made a big difference to the Budapest property Market!
- Since the fall of the Iron Curtain in 1989, the Hungarian economy has shown impressive progress and is now moving up to the next level; also due to Hungary joining the membership of the single currency Euro which has meant structural reforms.
- Hungary aims to adopt the Euro within the next five years. This will mean lower interest rates, cheaper mortgages; more inward EU investment in the city and consequently, prices will experience a boom.
- As the economy catches up, so will Budapest property prices.
- The most beautiful and colourful city in Central & Eastern Europe! Even the French compare Budapest to Paris, often referring to it as the "Paris of the East".
