Budapest: the New Prague for Real Estate Investors

| Total Words: 472

When Hungary and the Czech Republic joined the European Union back in 2004 they set the standards for economic achievement that the rest of the new entrants could only dream of achieving.

Both Hungary and the Czech Republic not only embraced their new membership status, they went out of their way to create an environment so conducive for inward investment that both countries are now thriving.

As has been well documented, the stunning Czech Republic city of Prague became of such intense interest to international real estate investors even before the Republic joined the EU because it boasts almost inimitable charm, attraction and opportunity. I say almost inimitable because Hungarys capital city of Budapest is equally well endowed with stunning ancient architecture, cultural attraction and a unique and timeless appeal.

As a direct result Budapest is suddenly becoming one of the hottest European cities for tourism and the business environment is so buoyant right now that the numbers of expatriates heading to the city for work is at an all time high. These factors mean that the demand for real estate to rent is outstripping the current supply of well...

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