Király utca 51

Budapest, Erzsébet krt. 41, 1073 Hungary

Price: 240.000 €

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Bedroom: 1 Room(s)

Acreage: 67m²

Elevator: Yes

Toilet: 1.5 Room(s)

Profit rate: 5%

Nearby amenities: Public transportation, Hospitals, Supermarkets

View: Street view

DESCRIBE:

The apartment offers an ideal living space at Király utca 51, located in the heart of Budapest. This 67-square-meter apartment not only provides a modern design but is also situated in a convenient location for commuting and sightseeing, making it especially suitable for short-term rental business.

Bedroom: A spacious private space, perfect for couples or individuals. The room is tastefully designed with large windows that bring in natural light. Bathroom: The apartment has 1.5 bathrooms, ensuring comfort and convenience. The airy living room combined with a modern open kitchen creates a lively and comfortable living space, suitable for entertaining or relaxing after a long day.

Convenient Transportation: The apartment is located near metro and bus stations, making travel around the city easy. It’s just a few minutes from the Deák Ferenc tér metro station, a major transportation hub that connects you to most important routes.

Famous Landmarks: From the apartment, you can easily reach Budapest’s famous attractions such as:

Budapest Opera House (a 10-minute walk), an architectural masterpiece and cultural center of the city.
Andrássy Avenue (a 5-minute walk), a luxurious street with many shops, cafes, and upscale restaurants.
Erzsébet Square and Széchenyi Chain Bridge (a 15-minute walk), where you can enjoy the stunning view of the Danube River.

Ideal for Short-term Rentals: With its central location and modern design, this apartment is the perfect choice for those looking to tap into the short-term rental market, especially in tourism. Guests will appreciate the convenience and comfort this apartment offers during their stay in Budapest.

FACILITIES

Air Conditoner
Heating system
Fire alarm system
Dishwasher
Washing machine
Fridge

Estimated real estate investment costs:

Mr. Chris Nagy

admin@trueestate.com.vn

+36 203994872

CONTACT

DISTRICT 7 - ERZSÉBETVÁROS

District VII, Budapest, Hungary, is a bustling neighborhood famous for its rich cultural depth. This is the heart of Budapest city, this place was built with Jewish characteristics. This area perfectly blends history with modernity, offering a vibrant nightlife scene, unique street art performances and a diverse community. Therefore, this place welcomes 60% of the total number of visitors to Budapest every year and the average stay here is 3 nights. This is a must-see for those looking for a vibrant, heritage yet fresh urban experience in the Hungarian capital.

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 True Estate 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. True Estate 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.