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Park Residence - District 8
budapest, hungary


Reasons to Invest
Expected annual rental yield: 7%!
Properties in Budapest are expected to double over the next 5 to 7 years.
Up to 80% mortgage for foreign investors
16,000 foreigners and locals  are expected to buy a property in Budapest this year
Development Features
Surrounded by large gardens and next to the Orczy Park
District VIII: the most booming area in downtown Budapest
Close to all amenities (hospital, university, schools, excellent public transport)
Prices from only €41,173 (Ł30,600 approx)*
The Project
In the heart of booming District VIII, beside a quaint pedestrian zone, Park Residence is the hottest investment project in downtown Budapest at the moment. This modern and cosmopolitan building, which comprises of 104 quality apartments, offers the best value for money in Budapest.
These superb apartments have been designed to cater for the needs of young students and young families. There are several schools, sporting & entertainment facilities within the close neighborhood, as well as a 3 hectare park, which is just next to this new project.
With a choice of studios and 1, 2 and 3 bedrooms apartments, underground parking spaces and storages, Park Residences is designed to become a benchmark within the redeveloped District VIII.
The Location
Budapest’s District 8 is a centrally located district with a mixed history and a bright future. The district lies on the Pest side of the city, and is nestled between the established 7th District, the classical centre 5th District, and the recently rejuvenated 9th District.
The 8th District is currently under re-development as part of the Budapest City Council’s development plan for the renewal of the area.The main streets defining District 8 are Baross utca, Rákóczi út1 and Üll/i út. Kálvin tér connects this district with the 5th and 9th. The 8th District boasts many libraries, hospitals, museums, universities and colleges and was once home to the renowned Ludovika Military Academy.
District 8 is experiencing many improvements and changes and could be considered to be the best kept secret for wise investors, who can forecast the highest returns within the next coming years. Park Residences is well connected by metro, tram and bus lines, with easy access by car to the main ring roads and within a few minutes walk to the Danube. Within a short walking distance to hospitals and the renowned Semmelweis Medical University, quality rental apartments are highly demanded by international and local students and hospital staff, so the rental potential is well ensured.
In fact, District 8 is an area with some of the largest redevelopment and news infrastructures plan in Europe will not be available too long. Thanks to its unique location, close to the University and Hospital and the excellent transport facilities. The redevelopment plan being carried out in District VIII, with new buildings already started and delivered in the area, the new infrastructures and the Number 4 metro line are making Park Residences the most secure medium term investment.
Pricing & Payment Schedule
Prices from only €41,173 (Ł30,600 approx)*. Within the most booming area in downtown Budapest, the success of your investment is ensured. Please use our enquiry form to request a full colour brochure, current availability and price list.
Reservation
€3,000
Payment Schedule
25%/75%
Estimated completion date
December 2008
*Currency equivalents are based on approximate conversion at time of writing and are subject to fluctuation. To save money on currency exchange use Staymove FX. **Prices are based on availability at time of writing; both availability and pricing are subject to change without notice.






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