Hungary is Europe's best investment opportunity says website, the Global Property Guide. Why? It has the continent's second lowest property prices, averaging USD1,683 per square metre, and its third highest rental yields – 8.11 per cent, states the website's report Hungary: Housing Market Reaches Bottom?
Bizarrely, this happy state of affairs is down to “incompetent government” the report says. A government subsidised housing boom in the early noughties has imploded leaving rich pickings at the bottom of the market cycle for foreign investors.
“Hungary is an investment opportunity,” says the report, “Not because buyers have made a lot of money out of Hungarian residential property. They have not, though the rents can be good, but rather, Hungary’s crisis gives buyers an opportunity”.
A resurgent economy, falling interest rates and renewed confidence will spur an upturn in the housing market the website's analysts consider.
http://globalpropertynews.blogspot.com
No comments:
Post a Comment