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Lake Balaton property is witnessing a tremendously booming period and has emerged as the next best location for investing in property market. The real estate prices at the Lake Balaton property market are increasing by 20% per year. However, average prices are much lower than 50,000 Euro.
Lake Balaton is the biggest freshwater lake of Central and Western Europe and is one of the most popular tourist destinations of Hungary. Each year thousands of visitors visit this place and at least 15% of them decide to stay back at this tranquil and extremely beautiful area.
The Lake Balaton area has certain advantages, which makes it a lucrative market for the investors and real estate agents. The northern shore of the Lake Balaton has 25 lakeside resorts, which provide a variety of water sports options. The southern shore is dominated by 70km of sandy beaches. The weather is pleasant all year round and average temperature is 18ºC to 20ºC. There are direct flights from Budapest to the eastern shore of Lake Balaton, which make this place easily accessible from different European cities as well. Moreover, the Lake Balaton property rates are much lower in comparison to the ones in Budapest. On an average the prices start from 22,000 forints in the Lake Balaton region.
It is the combination of all the above factors, which makes Lake Balaton a potentially rich, and flourishing property market of Hungary.
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