Studio apartment at 8 Felsőerdősor street, located in the Felsőerdősor utca 8 project that True Estate has renovated, providing a modern and new living space. With an area of 34.4 square meters, this apartment is optimally designed and fully equipped, creating a feeling of comfort and convenience for residents. The building is beautiful and modern, not only attracting the eye but also ensuring safety and comfort. With high profitability from short-term business, this is an ideal choice for those who want to invest. The prime location of the apartment is near famous attractions and public transportation, making moving easy and convenient.
Bedroom:
1 Room(s)
Acreage:
34.4m2
Utilities:
Garden
Elevator:
No
Toilet:
1 Room(s)
Profit rate:
5%
Nearby amenities:
Public transportation, Hospitals, Supermarkets
View:
Street view
Floor:
G
DESCRIBE:
FACILITIES
- Air Conditoner
- Heating system
- Fire alarm system
- Garden space
- Smart TV
- Mini bar
Estimated real estate investment costs:
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DISTRICT 6 - TERÉZVÁROS
District 6 of Budapest, commonly known as Terézváros. This place is a unique combination of classic beauty and modern prosperity. With diverse architecture from the Belle Époque period and historical buildings, District 6 is the place that connects the city’s culture and history. Surrounding here are famous places such as the Basilica di Santo Stefano – an exquisite religious building or Andrássy Avenue, a fashion street recognized by UNESCO. Not only that, Terézváros welcomes a large number of tourists every year to visit its fashion stores, restaurants with strong Hungarian identity and art spaces.
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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).
RELATED APARTMENTS
Bajcsy-Zsilinszky út 43
Budapest, Bajcsy-Zsilinszky út 43, 1065 Hungary
- 1 Floor(s)
- 67m2
- 1 bedroom(s)
€330,000.00
SOLD
HOÀN THÀNH
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