Hungary - Sziv 52

41 modern apartments located in District 6, Sziv 52 is right in the cultural center of Budapest.

The most beautiful boulevard of the city, Andrassy Avenue runs through this district, passing the Opera House and Franz Liszt Music Academy and ending at the magnificent Heroes’ Square.

The largest shopping and entertainment center of the city, the Westend City Center also houses the Hilton Hotel and the headquarters of Vodafone. The embassy zone, the vibrant 100-hectare city park of Budapest, the Eifel-designed Western Train Station are all characteristics of this city center district.

Buy-to-let-Investment

Sziv 52 is expected to achieve rental yields of above 6% and with low price / sqm is also positioned to benefit from high capital growth. A great opportunity for first time investors or as an addition to your existing property portfolio.

Location

Sziv Utca (street) is a quiet street just off Andrassy Avenue in a mostly residential neighbourhood.

Several buldings have recently been renovated, and other new developments can also be spotted among the turn-of-the-century buildings that determine the architectural style of the area.

The Westend City Center shopping and entertaintment center is situated near the Northern exit of the street, while at the Southern side we can find the magnificent Andrassy avenue

The development

Sziv 52 is a six floor building with street and courtyard views. A special care was made towards designing the apartments to cater for local tenant’s demands.

The property will be equipped with a modern elevator, electronic main entrance gate, closed underground and open groundfloor car parking facilities. Almost all apartments will have terraces overlooking either the landscaped courtyard or Sziv Utca below.

The references of this well-established Hungarian developer include a similar city centre apartment block in District VII.

Additional Features

• Studio and 1 Bedroom apartments
  
  
• 41 apartments with modern layouts
  
  
• Underground garage and ground floor parking
  
  
• Balconies available for most apartments
  
  
• Encoded entrance to residential areas
  
  
• Excellent public transportation

Pricing & Payment Schedule

Ideal for investment purposes, those who consider purchasing a unit in Sziv 52 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 Sziv 52 has a very competitive price for a low density development. And due to its popular location, this makes Sziv 52 an ideal buy-to-let property investment.

Prices from €36,800 to €102,000

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 September 2007.

Through our partners we can assist you with acquiring up to a 70% mortgage.
Return on Investment

District VI has a proven track record of satisfying investor’s demands. Due to its city center location, public transport accessability, and wise apartment layouts, the potential capital appreciation in Sziv 52 is very high, and the local rental market demand is strong.

Investors should expect rental yields on this project around 6%. Capital appreciation for property in this area of Budapest can be projected at around 12.5% per annum.

Capital Appreciation potential in Budapest have never been as high as now, when Hungary has joined the European Union and EURO accession is now on the horizon.