International property investors can do well from investing in Hungary, particularly the student rental sector in Budapest, it has been stated.
Technical director of Aquavista Property Consultants Sean Ashdown said there were particular parts of Budapest that are suited to student buy-to-let, stating: "People buy to rent as they would do in the UK and student areas are quite popular, [such as] area seven, five and six."
In addition to this, there is plenty of scope for commercial investment, he stated, noting that many of the firm's clients take advantage of the presence in the city of companies such as Bosch and Microsoft.
Hungary is one of a number of central and eastern European countries that has seen its property market thrive after the end of communism.
According to International property, the country saw growth of between 15 and 20 per cent in this market between 2003 and 2005, with rental yields of at least six per cent.
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