Development Property
Price
EUR 77,133
(GBP 61,338
USD 97,512)
Sale Type
Under construction
Impressive low-cost residences in rapidly up-and-coming central neighbourhood
Location: District 8, Budapest
Fast growing district
Available apartment prices start from €45,264
Payment terms 20–80%
Expected handover Q3 2009
From just €11,316 down payment
Mortgage available up to 70% LTV
Why invest in Olive Garden?
Available apartment prices start from €45,264
From just €11,316 down payment
Comfortable payment terms 20–80%
Expected handover Q3 2009
Mortgage available up to 70% LTV
High capital appreciation potential
Fast growing district
High rental demand from local tenants and international students
Best value for money
Quick walk to all public transportation (subway, trams, buses)
View of the second largest public park in Budapest
Secure underground parking
Five minutes by public transport to downtown
Largest international university neighbourhood in Budapest
Apartment sizes ranging from 24sqm to 128sqm
104 apartments
Kitchen appliances included in cost
Featured highlights
Budapest’s District 8 had a reputation for a centrally located, but fairly undeveloped area of the city. Now the district is experiencing a massive reconstruction phase with several new built complexes completed and in progress and many of its beautiful historic buildings renovated.
Due to focusing investments and developments, District 8 has experienced a lot of favourable changes, and is considered as the secret goldmine of the upcoming years. Any new development is warmly welcome by future tenants, as many families living in the district would gladly shift their home for greater pleasure and comfort.
Hungarian and international students of the world famous Semmelweis Medical University located nearby are constantly looking for quality apartments to rent.
Starting prices
Studio €45,264
1 bedroom €63,418
2 bedroom €77,133
3 bedroom €189,961
Units:
104 apartments
Underground parking spaces
Kitchen furniture
Location
Located at Budapest’s District 8, which is currently under re-development as part of the Budapest City Council’s development plan for the renewal of the area.
This large-scale modern development is surrounded by Népliget (the People's Park – which is the second largest city park of Budapest), a coach station, and several well-respected universities. Residents will enjoy the modern design and close proximity to public transportation, the nearby Planetarium at the adjacent Népliget (People’s Park), the Füvészkert (Botanical Gardens), sports facilities, and the largest countrywide bus terminal.
The National Cardiological Institute and the world famous Semmelweis Medical University are located in the vicinity of Olive Garden development as well.
Pricing and payment schedule
Prices are competitive for this project considering the potential capital gain possible in District 8.
Prices from €44,359 to €186,162.
Property type Price 20% deposit
1 bedroom with 39.32 sqm from €63,418 from €12,683
2 bedroom with 47.77 sqm from €77,133 from €15,426
3 bedroom with 100.58 sqm from €189,961 from €37,992
Reserve your investment of the year with €3,000!
Put 20% down when signing the contract and the final 80% due upon completion in Q3 2009. We can assist interested investors with acquiring a mortgage of up to 70–80% of the asking price.
Property type Value in 2013* Rental income**
1 bedroom with 39.32 sqm from €84,868 from 424 €/month
2 bedroom with 47.77 sqm from €103,221 from 516 €/month
3 bedroom with 100.58 sqm from €254,211 from 1,271 €/month
* Based on capital appreciation of 6% per annum.
** Based on minimum 6% annual rental yield.
Development
Olive Garden, District 8, Budapest, Hungary
Facilities near this development
Hospital & Medical Emergency, Doctors surgery, Dentist, Parks & Gardens, Car Parking, Gym, Tennis Court, Swimming Pools, Childrens Playgrounds, Outdoor activities, Bars & Nightclubs, Restaurants, Cafe & eateries, Hotel, Shopping centre, Mall, Other
Facilities in this property
Satellite, Central heating, Balcony, Car Parking, Un-furnished
