Property in Hungary is a "wise choice" for investors in 2012, according to investment firm Knight Knox International.
Predicted to attract over 9 million tourists in 2012 by the World Travel and Tourism Council, a rise of 2.9 per cent from 2011, the country is benefiting from an influx of visitors and foreign investors, all eager to visit a country not affected by the current Euro crisis, suggests Knight Knox.
The firm, promoting its new range of properties close to Lake Balaton, highlights the low prices of Hungarian real estate, with homes starting from £7,926. The properties are approximately 1hr and 20 minutes away from Budapest, 1 hour 30 minutes from the Austrian capital of Vienna and a 3hr drive to the Adriatic coast, an area that is popular with both Hungarian nationals and tourists alike.
"These are some of the best mid to long-term investment opportunities we have seen this year", comments Jeremy Knight, Managing Director of Knight Knox International. "The potential returns, based on the proposed development and re-generation of the area, are fantastic."
Indeed, investment from travel and tourism in the country is predicted to rise by 4.5 per cent pa over the next 10 years to HUF 268.1bn.
One of the main reasons that Hungary is so attractive to overseas investors is the ease with which foreign nationals can purchase land and property, argues Knight Knox.