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An investment, made in the Budapest real estate sector, can prove to be extremely profitable according to the recent studies. Latest studies say that Hungary has been speculated to be the 4th most profitable investment market in central Europe. Budapest's current real estate market has shown a remarkable 20% annual increase in property values. Hence, at present the Budapest real estate market is drawing a number of investors, both domestic and international. The real estate sector of Budapest has a booming commercial and industrial real estate sector. There are several real estate companies operating in Budapest, who offer detailed knowledge about the true scenario of Budapest real estate sector and have many excellent real estate properties on sale.
The average price of the centrally located real estate properties of Budapest range from 1000 EUR to 1500 EUR per meter square. Since January 2006, the VAT on real estate in Budapest has been reduced from 25% to 20%. Potential buyers, interested in buying real estate in Budapest, can seek professional help from the numerous consulting agencies found in Budapest. The price of the best apartment in Budapest can cost around 97,930 EURO approximately. Real estate agents in Budapest offer services like, investment consulting, property rental and sales, property management and renovation and furnishing of existing real estate properties.
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