Rip-off london or bargain budapest?

Budapest is an excellent investment choice for cheap city living, according to one expert…

Property in the Hungarian city of Budapest could be a cheaper option than some western European countries for investors looking for city living, according to property consultant Dave Goedhals.

Mr Goedhals recently commented:  Property in the Hungarian capital is a good option for a number of reasons, none more so than the fact that it is cheaper than other capitals such as Paris and London.

'It is a fantastically beautiful city, as you probably will have heard. You get property prices here which are one third of the price of properties in London and Paris, so that is one reason as the price is cheaper and you get to have a property in a fantastic city.'

Mr Goedhals added: “The city is a 'business hub' as well as the Gateway to Eastern Europe, making an overseas property investment for Brits in Hungary a good choice.

“On top of that, the arrival of the euro in about 2011 or 2012 will make property prices in Budapest rise again”