Hungary - Galerius

Studios with 36 sqm from €48,700
1 bedrooms with 38 sqm from €55,400
2 bedrooms with 50 sqm from €71,300

Hastle Free investment

For many years now, the largest lake of Central Europe, Lake Balaton has attracted local and international holiday makers. Central Europe's largest freshwater lake, some 70 kilometers southwest of Budapest, is Hungary's number one vacation resort for its population of over 10 million.

Easily reached by plane, train, car or bus, Balaton offers a multitude of resort hotels. The Lake's water temperature is about 25 ºC during the summer, which together with its shallow depth, make it an ideal family vacation spot.

Galerius Resort and Spa is the largest real estate development being constructed on the lake, featuring concierge apartments with an all-year-round functioning wellness center, a shopping center and underground car parking.

On a lakeside, beautifully landscaped site, the Galerius project will become the highest quality residential complex on Lake Balaton.

Location

More and more tourists are discovering the recreational opportunities of the Balaton region even during the off-peak season. Autumn and spring offer spectacular views of the Boronka, Csoknya-visonta and Toreki nature preserves.

The area displays untouched natural beauty and many protected species of animals and fauna. We recommend taking a wine-tasting tour starting from Siofok to Kethely through Foldvar, Lelle, Boglar Szologyorok and Kislak, stopping by 23 different tasting stations offering the best wines of the South Balaton region.

In addition to sporting events, several cultural programs, such as the Kalman Imre Operetta Theatre and the Golden Shell International Folklore Festival attract visitors all year around. It's hard to imagine there is anything better to do during the winter than ice skating in crystal clear air, enjoying the high speed of ice sailing or maybe diving into the 38 Celsius degree warm thermal bath of the Galerius Spa...

Additional Features

- Studio, 1 Bedroom and 2 Bedroom apartments
- 121 apartments with modern layouts in phase 1
- Direct lake views, spectacular scenery
- Balconies for all apartments
- Concierge services
- Guaranteed leaseback contracts available
- Underground garages

Pricing & Payment schedule

Ideal for investment purposes, those who consider purchasing a apartment in Galerius Resort and Spa will benefit from a 30/70 payment structure, paying only 30% of the total cost as a first installment, with the balance due on completion of the project.

Phase 1 of Galerius Resort and Spa has a very attractive launch price for a lake front property, and due to the clever apartment layouts, the investment entry levels are low.

Prices from €48,700 to €263,500
Reserve apartment for €3,000
30% (less €3,000) required on signing of purchase contract
30 days after reservation
Balance of 70% will be due on completion in Q4 2007.
IPP Global can assist you with acquiring up to a 70% mortgage.

Return on Investment

It is very unique in Central Europe for a development of this quality and location to offer a guaranteed leaseback scheme tailored for property investors. Due to its lake front location, exclusivity, and wise design, the potential capital appreciation in Galerius Resort and Spa is very high, and the holiday rental market is also strong.

Investors should expect high daily rentals on this project during the holiday season. Capital appreciation for property on Lake Balaton is projected at around 10% per annum. Capital Growth potential in Hungary has never been as high as now, when Hungary has joined the European Union and EURO accession is now on the horizon.