Teréz krt. 34

Budapest, Teréz krt., 1066 Hungary

Price: 550.000 €

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Bedroom: 5 Room(s)

Acreage: 197m²

Utilities: Balcony

Elevator: Yes

Toilet: 2 Room(s)

Profit rate: 7%

Nearby amenities: Public transportation, Hospitals, Supermarkets

View: Street view

DESCRIBE:

Prime Central Location: Teréz Boulevard is renowned for its vibrant atmosphere, surrounded by numerous cafes, restaurants, shops, and theaters. This area attracts both locals and tourists, ensuring a steady demand for rental properties. Additionally, this property is conveniently located near major public transportation lines, including metro, bus, and tram routes, providing easy access to all areas of Budapest.

The spacious 197-square-meter apartment at Teréz krt. 34 offers an exceptional investment opportunity with a high-profit potential of up to 9%. The property is currently divided into two separate units, making it ideal for rental income or multi-generational family living. With a ceiling height of over 4 meters, both units provide a sense of spaciousness and openness.

The first unit features 3 spacious bedrooms, offering a comfortable and relaxing environment. The main bathroom is modern and fully equipped, along with an additional separate bathroom and toilet, ensuring convenience for daily living. Moreover, from this unit, you can enjoy a stunning view of the bustling Teréz Boulevard – one of the most dynamic streets in Budapest.

The second unit comprises 2 comfortable bedrooms, making it perfect for small families or couples. With 1 well-equipped bathroom and an additional separate toilet, the apartment offers maximum privacy for all family members. The space is filled with natural light thanks to the dual street views, creating a bright and tranquil living environment.

FACILITIES

Air Conditoner
Heating system
Fire alarm system
Dishwasher
Washing machine
Fridge

Video căn hộ terez 34

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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 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).