SOLD

Bajcsy-Zsilinszky út 17

Budapest, Bajcsy-Zsilinszky út 17, 1065 Hungary

Price: CONTACT

SOLD

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Bedroom: 2 Room(s)

Acreage: 91m²

Elevator: Yes

Toilet: 2 Room(s)

Profit rate: 8%

Nearby amenities: Public transportation, Hospitals, Supermarkets

View: St. Stephen's Basilica, Street view

DESCRIBE:

The apartment at Bajcsy-Zsilinszky út 17 is a modern and fully equipped living space, ideal for dynamic urban life. With a spacious design, the apartment includes 2 airy bedrooms and 2 luxurious bathrooms, providing maximum comfort for the apartment. Each bedroom is equipped with high-class furniture and large windows, allowing natural light to fill the space, creating an airy and pleasant feeling. The bathrooms are delicately designed with modern equipment, ensuring a relaxing experience after tiring working days. The living room and kitchen of the apartment are intelligently arranged, creating an ideal open space for family activities and entertainment. With a prime location in the city center, the apartment has easy access to surrounding amenities such as restaurants, shops, and entertainment venues. This is definitely a perfect choice for those who are looking for a comfortable and luxurious living space in Budapest.

Located in the heart of Budapest, a 2-minute walk from St. Stephen’s Cathedral and 1.1 km from House of Terror, Luxurious Bajcsy Residence next to the Basilica offers accommodation overlooking the city. The apartment is a 17-minute walk from Hungarian Parliament Building and 1.4 km from Hungarian National Museum.

FACILITIES

Air Conditoner
Heating system
Fire alarm system
Dishwasher
Washing machine
Fridge

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Estimated real estate investment costs:

Mr. Chris Nagy

admin@trueestate.com.vn

+36 203994872

CONTACT

DISTRICT 6 - TERÉZVÁROS

Budapest’s 6th district, commonly known as Terézváros, is a unique blend of old-world charm and modern prosperity. With its diverse Belle Époque architecture and historic buildings, the district is the cultural and historical hub of the city. Surrounded by famous landmarks such as the Basilica di Santo Stefano, an exquisite religious building, and Andrássy Avenue, a UNESCO-recognized fashion street, Terézváros welcomes a large number of tourists every year to visit its Hungarian fashion stores, restaurants, and art scene.

FAQ

Can I buy multiple Properties?

There are no regulations in the country limiting the amount of real estate an individual can own. All properties are resold, but to maintain a green card, the customer must still own (multiple) properties with a total value of at least 175,000 euros.

Can I own real estate forever?

The real estate that investors buy after being granted a certificate of ownership will be owned permanently and have the right to transfer it as an inheritance.

What are the annual taxes to be paid when owning Real Estate?

The owner will only have to pay one tax when owning the property. Land tax will be calculated according to the formula: 3000 Forint * Total area of the apartment on the house title. (This fee may vary depending on the area of the property) This tax will be notified to customers by AZ Global when it is due and support for annual tax payment.

Do apartments need a business license if rented short term?

– Regarding the procedures for preparing business documents, investors need to note the following points:

+ The conditions for apartments in a building to be operated as short-term rentals will be decided by the competent authority of that District. For apartments in central districts such as District V, VI, VII, the quota has almost been exhausted. Therefore, the ownership of real estate that can be rented short-term in these districts is increasingly limited.

+ If the real estate is located in a building that is granted short-term business rights, the apartment must ensure the operating standards set by the Hungarian Department of Tourism. This agency will send an authorized person to directly evaluate to rank and grant a business license for the apartment (from 1 to 4 stars)

– Compared to other countries, regulations in Hungary are quite complicated and require experience. AZ is confident that the apartments we introduce to investors all satisfy business conditions, some apartments are already in operation and have been rated 4 stars. In addition, in the shopping cart there are still apartments that are not in the form of short-term business, suitable for individuals to invest for vacation and living.

How fast is housing value growth in Hungary?

– According to statistics from Moody’s, the residential real estate market index in Hungary increased 1.5 times from 357.7 in Q2 2020 to 525.19 this year and will continue to grow due to the country’s open foreign investment policy.

– This figure is quite impressive as Hungary ranks 2nd in terms of real estate price increase in Europe (after Estonia).