Overseas property investors should turn their attention to Hungary where prime real estate can be bought from as little as £7,926, according to property investment firm Knight Knox International.
Predicted to attract over 9 million tourists in 2012 by the World Travel and Tourism Council, a rise of 2.9% from 2011, the country is benefiting from an influx of visitors and foreign investors, all eager to visit a country not affected by the current Euro crisis, increasing potential rental returns and making Hungary a potentially lucrative investment choice.
Knight Knox are offering a variety of different properties in idyllic villages close to Lake Balaton which are available from as little as £7,926. Each one has at least 1,500sqm of land giving investors the option to increase the size of their property and build a large family home or retirement villa.
Lake Balaton, known as the Hungarian sea, is the largest thermal lake in the world and a well regarded centre for water sport activities. Based only 1hr and 20 minutes away from Budapest, 1 hour 30 minutes from the Austrian capital of Vienna and a 3hr drive to the Adriatic coast, the area is popular with both Hungarian nationals and tourists alike.
“These are some of the best mid to long-term investment opportunities we have seen this year”, comments Jeremy Knight, Managing Director of Knight Knox International. “The potential returns, based on the proposed development and re-generation of the area are fantastic and with prices starting at just £7,926, these properties are a prime opportunity for anyone looking to invest in Eastern Europe.”
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