Urban Residence
City: Budapest
Area: IX. district
Phone: +36 1 430 3120
Fax: +36 1 430 3121
Opening Hours: 9:00 am - 5:00 pm
With its 70 well-designed apartments, Urban Residence development is located in the 9th district, in one of the fastest developing areas of Budapest. The development is located in the most emerging part of district 9, ten minutes walking distance from the Danube...
Why invest in Urban Residence?
- 70 apartments just launched
- Located in famous district 9 of Budapest
- Steps away from the metro and unlimited access to downtown through trams and buses
- One of the most steadily developing districts of the city that have been through an enormous regeneration program over the last 10 years
- A large international student community and a hot spot for multicultural activities (National Theater, Palace of Arts, and Rádai Pedestrian Street.)
- Available apartment prices start from € 65.067
- From just €19.520 down payment
- High rental demand by international students and local professionals
- Expected handover Q2 2009
- Comfortable payment terms 30% - 70%
- Mortgage available up to 70% LTV
- Apartment sizes ranging from 32sqm to 80sqm
- Fully fitted apartments
- Kitchen furniture
- Underground parking possibilities
- The perfect combination of price, location, capital appreciation and rental potential!
 | Project developer - Otthon Centrum International Client Services View profile >> Address: 78 Lajos St, Budapest H-1036 | Office: +36 1 430 3120 • Fax +36 1 430 312 Call free 1 800 553 619 (Ireland) • 0 800 0513 759 (UK C&W) • 0 808 2347 680 (UK BT) 900 993 642 (Spain) |
Featured highlights
With its 70 well-designed apartments, Urban Residence development is located in the 9th district, in one of the fastest developing areas of Budapest.
District 9 is the number one upcoming area of Budapest, serving a huge Hungarian middle-class population with its trendy bars and cafés. The district is well-known for its student community, with the grounds of the Medical University, the Technical University and the University of Commerce nearby. The local municipality is investing into re-developing the area, increasing the conditions of the whole district.
The development is located in the most emerging part of district 9, ten minutes walking distance from the Danube, with landmark buildings such as the Hungarian National Theatre and the Ludwig Museum of Modern Arts nearby. Lurdy Ház shopping center, with its movie theatre and its multitude of shops is also close by.
The centre can be easily and quickly accessed by trams or metro.
| Starting prices | |
| Studio with 42.5 sqm | € 65,067 |
| 1 bedroom with 46.4 sqm | € 67,702 |
| 2 bedroom with 56.9 sqm | € 82,196 |
Units
- 70 apartments
- Underground parking spaces
- Kitchen furniture and appliances included in cost
 | Download the free E-brochure of Urban Residence |
Location
Urban residence will be built in Szobieszky János street, 300 m from a metro station and 50m from a tram stop that provide a continuous access to the downtown of Budapest in just than 10 minutes.
The centrally located Ráday utca is one of the best streets in Budapest for restaurants and bars. Some of the popular summer bars are also within walking distance.
ELTE (the Budapest University of Science), the Budapest Corvinus University, and SOTE (the Semmelweis Medical University) are within 5 to 10 minutes walk.
 |  |  |
| Budapest Corvinus University | Ráday street | Semmelweis Medical University |
Pricing and payment schedule
Considering the potential capital gain possible in District 9, prices are competitive for this project.
Prices range from € 65.067 to € 151.592.
| Property type | Price | 30% deposit |
| Studio with 42.5 sqm | from € 65.067 | from € 12.430 |
| 1 bedroom with 46.4 sqm | from € 67.702 | from € 15.510 |
| 2 bedroom with 56.9 sqm | from € 82.196 | from € 37.232 |
Note: Mortgages now available to foreigner investors max. up to 80%.
Reserve your investment of the year with € 3,000 down! Deposit only 30% down when signing the contract and then the remaining 70% will be due upon completion of project in Q2, 2009.
Otthon Centrum ICS can assist interested foreign investors with acquiring a mortgage of up to 70–80% of the asking price.
Investment return
| Property type | Value in 2013* | Rental income** |
| Studio with 42.5 sqm | from € 87,074 | from € 435 / month |
| 1 bedroom with 46.4 sqm | from € 90,601 | from € 453 / month |
| 2 bedroom with 56.9 sqm | from € 109,997 | from € 550 / month |
** Based on minimum 6% annual rental yield.
