Felsőerdősor utca 8 G4

Budapest, Felsőerdősor u. 8, 1068 Hungary

Price: CONTACT

View map

Bedroom: 1 Room(s)

Acreage: 38m²

Utilities: Garden

Elevator: No

Toilet: 1 Room(s)

Profit rate: 5%

Nearby amenities: Public transportation, Hospitals, Supermarkets

View: Street view

Floor: G

DESCRIBE:

Studio apartment at 8 Felsőerdősor Street, located in the Felsőerdősor utca 8 project that True Estate has renovated, offers a modern and fresh living space. With an area of 38 square meters, this apartment is optimally designed and fully equipped, creating a comfortable and convenient feeling for the residents. The beautiful and modern building not only attracts the eye but also ensures safety and comfort. With high profitability from short-term business, this is an ideal choice for those who want to invest. The apartment’s prime location is close to famous tourist attractions and public transport, making travel easy and convenient.

FACILITIES

Air Conditoner
Heating system
Fire alarm system
Garden space
Smart TV
Mini bar

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 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).