Hungary Investment Property

Luxury riverside apartments in ‘Canary Wharf’ of Budapest 50% less than comparable project

H&A is delighted to offer you an astounding deal in the centre of Budapest through a highly reputable, well-established local Hungarian developer.

Ibiza Gardens apartments’ pre-release launch price is less than 2,000€ per sqm. Comparable developments on the Danube sell for approximately €3,000 per sqm. Another recent riverside development to the North of the city, Marina Part, is equidistant from the centre and sells for €4,000 per sqm and up.

Reservations made now before the planning permit is issued can take advantage of the pre-release price of 2,000€ per sqm. The permit is expected in around 6 weeks’ time. After the permit has been issued, apartment prices will be increased 10%.

For further comprehensive details on this development, call us on + 44 (0) 845 456 7737 or complete your details below and we will contact you as soon as possible.

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The cheapest apartments will be less than €60,000 and the most expensive will be sizeable penthouses with large balconies in excess of €200,000. The majority of the 181 apartments will be 1 and 2 beds priced at between €80,000 and €120,000.

The first 20 apartments and the next 20 apartments sold will be released at graded discounts.

Prices include full finishing and a high standard kitchen and bathroom. The option of upgrading to a luxury kitchen comes at an additional cost of €2,000 to €4,000 depending on selections. The prices exclude white goods, and parking - which is between €7,000 and €14,000 depending on whether it is outdoor, garage or single/ double space.

By getting in at this early stage can make you some good savings. And with the build phase taking 18 months, you can also benefit from a steadily rising marketplace, rising at approximately 10-15% per annum.

In addition, there are mortgages available at 75% loan-to-value on off-plan property.