Budapest ‘still best’ for investors

Budapest is still Hungary’s top location for property investment,  according to Property Secrets…

Noreen Lucy, Investment analyst with the firm, believes the is ‘no comparable city in the country that is offering an alternative’ since Budapest's population of two million was a quarter of that of the whole country.

Ms Lucy advised: ‘People should look at long-term investment in emerging areas instead of investing in the city Centre, which has been highly developed. There are up-and-coming areas in the city - district eight along the river in Budapest has seen a lot of regeneration."

She added: “Holding on to property until there is an increase in growth is the best investment strategy, rather than the buy-to-flip approach which would bring fairly low returns of 16 to 20 per cent.

The historic city of Budapest is famous for being situated on the Danube, which divides the historic cities of Buda and Pest. It is also home to the second oldest underground railway in the world after London, dating from 1896.