Akacfa utca 12 – 14

Budapest, Akácfa u. 12-14, 1072 Hungary

Price: 350.000 €

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Bedroom: 2 Room(s)

Acreage: 84m²

Utilities: Balcony

Elevator: Yes

Toilet: 1.5 Room(s)

Profit rate: 7%

Nearby amenities: Public transportation, Hospitals, Supermarkets

View: Street view

Profit rate: 7% (2100€/month)

DESCRIBE:

Prime Location: Situated in the heart of District 7 in Budapest, this apartment is located in a vibrant neighborhood known for its nightlife, trendy bars, and diverse dining options. A short walk will take you to popular pubs and renowned cultural landmarks in the area. Additionally, the location is well-connected to public transportation, providing easy access to metro, bus, and tram lines, making travel to any part of the city convenient.

The penthouse apartment features a modern design, offering privacy, exclusivity, and breathtaking panoramic views of the city.

Short-term Rental Potential: This apartment is perfectly suited for short-term rentals, making it an ideal choice for investors or homeowners looking to take advantage of Budapest’s booming tourism industry.

The apartment spans 84 square meters and features 2 balconies, providing a spacious living area. It includes 2 bedrooms located on separate levels for added privacy, making it perfect for a small family. A fully equipped modern bathroom, along with a convenient half-bathroom for guests, ensures comfort and convenience for the homeowner. The apartment comes fully furnished with a modern style, creating a luxurious and cozy atmosphere that complements the unique penthouse design.

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.

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).