An opportunity to buy in beautiful Budapest
The release of phase two of luxury apartments at Budapest’s Marina Part development has spotlighted the huge demand for property in Hungary’s beautiful capital.
A recent viewing, open to existing owners of earlier projects by developer Autóker Holding, became a virtual stampede – proof that there is a particularly big market for this type of apartment in this location. River-view apartments and those overlooking the marina itself were in especially high demand; it was estimated by the end of the day that around 50 per cent of the apartments with Danube-facing views had already been reserved. ‘The interest has been beyond our expectations,’ said an exhausted Eszter Vadas, assistant sales manager of Autóker Holding Plc, Hungary's most respected developer.
It was announced during the launch that against fierce competition, Hungary Property Ltd, based in Crawley, West Sussex, has been awarded the exclusive rights to market and sell Marina Part apartments in the UK. ‘It is a privilege to continue to be part of this unique project,’ announced Martin Padfield, managing director. With 70 per cent mortgages now widely available, no agency or finder's fees and a streamlined buying process, there has never been a better time to invest in Marina Part.’
Marina Part comprises up to 3,000 residential units within a 300,000 square metre area on the banks of the River Danube and promises to be one of the best and most beautiful 21st-century self-contained neighbourhoods in Europe, comparable to Canary Wharf or Brighton Marina.
In 2004 it was crowned Best Residential Project in Hungary for the year by the readers of Resource magazine; in the spring of 2006 it will be featured in the Channel 4 programme, A Place in the Sun. It is located in Budapest’s District 13 along a previously undeveloped stretch of land around a natural lagoon in one of the most scenic and virginal areas of Budapest. As well as fabulous views of the Danube and the Buda Hills, it will offer gardens, promenades, its own shops, leisure and sports facilities (including a large swimming pool), restaurants and cafes – all within easy reach of the city centre. The apartments range from 40 to 140 square metres; all have balconies and most have a river view. Priced from only £54,000, an apartment there represents an ideal buy-to-let investment opportunity and a beautiful place to live.
Padfield continued: ‘Autóker feels that Hungary Property is the best company to forward the investment opportunity that Marina Part offers to the UK public and we promise to honour their decision by continuing to provide to UK investors the best service possible.’
Reservations are now being taken. Some Danube-facing apartments are still available but are going fast. For further information call Hungary Property on 0870 443 9001. Visit marinapart.co.uk and hungaryproperty.net.