Waterside Residence in Budapest’s District XIII
With its scenic beauty, rich heritage, and dynamic economy, Budapest stands as a promising destination for real estate investments, especially as we look into the prospects for 2024.
Over the past few years, Budapest’s real estate market has demonstrated remarkable growth. Property prices have seen a steady increase, making real estate a lucrative investment option.
Thanks to the explosive urban and economic developments, the city offers West European living standards but is significantly behind in real estate prices. In a city with well-developed public transport and very good public safety, the prices of short- and long-term rentals with a large target audience are constantly rising, a 53% increase was realized in the period between 2022-2024, which meant an extraordinary profit for the landlords.
This growth proves to be sustainable because the internationally recognized high-quality university education ensures a continuous tenant environment. Several international multinational companies have located their production and office centers and subsidiaries in Budapest, for whom it is not a problem to pay higher rental prices for a quality home for their colleagues. In addition, the year-round short-term rental market is flourishing in the city, with an average number of guest nights estimated at 290 nights per year.
Government Housing Support Programs
The Hungarian government has introduced several housing support programs to encourage property investments and aid homebuyers. One notable initiative is the CSOK Plusz (Family Housing Allowance Plus), which has been immensely popular. In its previous iteration, the program benefitted over 150,000 families, providing substantial financial assistance for home purchases.
Additionally, investors can benefit from the 5% VAT on new homes, significantly reducing the cost of purchasing new properties.
Why Invest in Budapest?
Investing in Budapest’s real estate market offers numerous advantages. The value of properties in the city has shown consistent growth. Moreover, rental yields in Budapest are highly attractive, with rental prices increasing steadily. This combination of rising property values and robust rental income makes investing in Budapest a financially sound decision.
When considering real estate investment in Budapest, location is a critical factor. The city center, with its historical buildings and vibrant atmosphere, remains a popular choice. However, the limited availability of new, energy-efficient apartments in the city center poses a challenge for modern buyers.
A compelling alternative is the XIII District, renowned for its developed infrastructure and excellent connectivity. The proximity to major thoroughfares such as Váci út and Árpád and Megyeri bridges, along with the nearby Duna Plaza, restaurants, cafes, schools, and pharmacies, make it a desirable location. The Váci út office corridor is also within easy reach, attracting potential tenants from the business sector.
Within the XIII District, Marina-Part stands out as an exceptional investment choice. Just a 10-minute drive from the city center, Marina-Part offers modern, newly built apartments along the scenic Danube promenade. This area provides a serene and private living environment, separated from the tourist-heavy parts of the city, yet conveniently close. Residents can enjoy various recreational activities along the Danube, such as stand-up paddling, surfing, and dragon boating. Furthermore, a sophisticated new community is emerging in the area, enhancing its appeal.
Waterside Residence Offering a Premier Investment Opportunity
For those looking to invest in a prime location with outstanding attributes, the Waterside Residence in Marina-Part is highly recommended. This residential project boasts an excellent location and premium construction quality. The apartments are built with top-notch materials and feature numerous amenities that ensure comfort and convenience without escalating utility costs.
Key features of Waterside Residence include:
- A beautifully landscaped inner garden with yoga and workout zones.
- An on-site wellness center.
- Underground parking facilities.
- Smart home systems.
- Private fitness for residents
- Four distinct interior design styles to choose from, catering to various tastes.
The expected completion date for Waterside Residence is in the fourth quarter of 2025. However, now is an ideal time to consider purchasing, as current prices are most favorable. As construction progresses, prices are anticipated to rise on average for more than 20% till the end of construction. Investors can also benefit from flexible payment schedules and additional discounts, making this an attractive proposition.
Why is Waterside Residence an attractive investment option?
- Exceptional location near Danube promenade and Duna Plaza in District XIII.
- Premium construction materials and quality.
- AA+ energy efficiency rating.
- One phase development.
- A popular neighborhood with high rental demand.
- Property management support from the developer.
- Near-term completion and introductory pricing.
If this investment opportunity interests you, contact Waterside Residence sales colleagues in Hungarian, Russian-Ukrainian, Chinese, and, of course, English via email or by phone. We will provide comprehensive information and can even use a 3D graphics program to present our investment in detail on a touch-screen large-screen television in our sales office, which is located on the 3rd floor of the Platina Tower of the premium business office building in the Bank Center.
Investing in Budapest’s real estate, particularly in projects like Waterside Residence, promises not only substantial financial returns but also the prestige of owning property in one of Europe’s most beautiful and dynamic cities.
For more information about Waterside Residence, please visit the project’s official website.
