Prime investment hotspot in District 13 near the Vaci ut Office Corridor
• Very competitively priced in the inner District 13
• High capital growth potential
• In close vicinity with the Vaci ut Office Corridor
• Healthy gains to follow as the developer increases the prices throughout the construction period
• Significant development in the area and plans for further investments
• Pleasant, tranquil neighbourhood, close to amenities, excellent transport links
• Safe and prosperous investment from a reliable developer, recommended to anyone
Is offering investors a fantastic opportunity with this exceptional project in close vicinity with the Vaci ut Office Corridor.
Long completion: the development will be completed in 2009 and you can secure an apartment on 2008 prices with a 30% deposit! Very high capital appreciation is expected until completion.
The development is in close vicinity with the biggest traffic point in Budapest: the Western Railway Station.
Transport is always essential for tenants and there are two tube stations in walking distance. Thanks to the location and the quality it won’t be any problem to rent these apartments out for an excellent rental. Perfect for young professionals and couples.
The development is also very near the Government owned development area behind the Western Railway station. Its use will be decided by the end of 2008 and there are two options:
1. Construction of a new Government Quarter
2. Establishment of a new city centre
• Vaci ut runs through District 13 and it is lined with office complexes and Class A offices
• Many banks and international companies relocate to Vaci ut
• The two biggest office complexes Duna Tower and Europe Tower belong to the area as well
• Amongst others, you can find in Vaci ut: Erste Bank, Budapest Bank, General Electric, Exxon Mobile, Ernst & Young, Dresdner Bank , Porsche Bank
The development is extremely competitively priced for this quality and location: the vicinity of the Vaci ut Office Corridor offers great prospect for growth. This otherwise tranquil area is already highly popular with professionals and families.
The payment terms are 30% - 70%, 30% is payable on signing the contract and the balance on completion, in 2009. The development offers the opportunity to realise some capital growth until completion, as the developer increases the prices throughout the construction period.
There is strong rental demand for newly-built apartments in the area for an excellent rental yield. The Vaci ut office corridor runs in walking distacne with the development where the biggest office complexes and Class A offices of Budapest can be found. Many banks and head offices of international companies relocate to the easily accessible District 13 resulting in a booming rental market. In the inner part of District 13 the supply of newly-built apartments is very limited so there is high rental demand.
The expected annual rental yield on these apartments is 7%.