DANUBIO PARK – Budapest's "Docklands"
December 21, 2006 (PRLEAP.COM) Business NewsFor many property investors, city investments in emerging markets are now in vogue. These buyers do not necessarily look at the resort market to support their investment, but prefer to focus on the excellent growth potential in local property markets, often within recent EU member states.
One such country is Hungary. Having taken the economic world by storm, the fabulous capital city of Budapest is ranked as the top place to live among newly entered EU cities, according to the Economist Intelligence Unit (EIU). So why is this? As an EU member, Hungary offers a business-friendly environment and low prices, while the government continues to invest in improvements to Hungaryís strong infrastructure. Sitting at a strategic transport hub between Western and Eastern Europe, Budapest has emerged as the key financial and commercial centre of Central Europe. Seeing the benefits of low costs, a skilled local labour force and ease of modern transactions, many international companies, including the likes of Nokia, General Motors, Avis, EDS and Philips Alcoa, have established their regional centres in Budapest. This in turn has boosted a huge commercial presence and a hive of activity that is creating a strong need for land, quality accommodation and business premises in the city. As one might imagine, property development is now in full swing while demand still exceeds supply, creating an exciting arena for high returns on investment. Of course Budapest is a well known tourist spot in its own right and shares along with
One of the most ambitious of the developments going up in Budapest is Danubio Park, a pristine new riverside project, often likened to Londonís Docklands. The developers are due to start construction in a couple of months (February 2007) and the project is to include an incredible 3,700 units situated a mere 5 to 6 km from the city centre in District XIII.
Created by a leading multi national developers, we believe the entire Danubio Park project will be offering some fantastic investment opportunities. The planned amenities and transport links to the development, as well as currently low unit prices will all contribute to making Danubio Park a good buy. Due to its sheer scale, the development will embody a mini modern city of its own, with large parks, a leisure centre, a new marina and cycle paths, as well as a state of the art shopping centre only 200 metres from the development. Last but not least, rapid underground links to the centre of Budapest will allow city workers a superb living environment within convenient commuting distance of Budapest centre.
Representative of most new city properties, units offer modern living while covering between 60 and 90 m2. The development will be constructed in 7 floors with the top floors spanning 80 and 90 m2 with terraces.
The Developer has this month announced the release of 362 excellent south west facing units, with approximate prices as below:
- Studio: 60,000 - 68,000 Euros plus 20% VAT
- 1 Bed: 76,000 - 132,000 Euros plus 20% VAT
- 2 Beds: 100,000 - 180,000 Euros plus 20% VAT
- 3 Beds: 160,000 - 309,000 Euros plus 20% VAT
Fully guaranteed deposits are now being put down for many of these units, while prices and availability last. If you would like to view more information regarding Danubio Park or to discuss the merits of city investment in Budapest with an IPIN expert advisor please visit :
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