Excellent Investment Opportunity In Budapest, Hungary - Land For Sale

Property Description

An attractive piece of land of 1 355 square meters is for sale in central location next to a major street in Budapest.
The area provides a great opportunity for real estate development as the land has excellent infrastructure for the establishment of a residential building, hotel, office building, etc.

Based on the current permissions it is possible to construct here a max. 18-meter high building with up to 6 floors and a maximum surface of 4 005 square meters. The possible site coverage is max. 50 %, level area index is 3.0. The site is already equipped with public utilities.

The site is easily accessible via car, train and public transportation as well. It is located on a major street, where over 10 bus lines circulate; the closest underground and railway stations are only a few hundred meters away. The Budapest international airport can be reached within 30 minutes.

Why invest in Budapest, Hungary?

Hungary is situated in the heart of Europe and as a member of the European Union, the country offers access to a market of 250 million people within a 1000km radius, making it an ideal base for investors who are planning business developments, including those coming from distant countries and wishing to seize European markets. In addition the country has a competitive tax system and a good balance of labour costs and quality. Foreign companies are welcomed with an investment friendly economic policy and the government offers various incentives for investors, such as cash subsidy, tax allowance, etc.