A hunger for Heves

18 June 2013

Select Resorts Properties believe that Hungary is a fantastic country in which to invest – as long as it’s in the right type of property. Buyers are still cautious of purchasing in the depressed property market, however according to recent research undertaken by TheMoveChannel, there is still significant demand for certain projects in the culture-filled country.

Budapest remains the most popular place in which international buyers are looking to invest their funds, however the capital now has stiff competition from another in-demand area - the Heves region of Hungary.

Famous for its hot springs and popular Hungarian spa resorts the area is currently generating 1 in 4 Hungarian enquiries on the overseas investment portal. Not only is the region generating a significant number of searches, but enquiries have also increased over 50% in Q1 2013 from Q4 2012.

Specific searches for “Heves” on the portal generate only account for 2.10% of Hungarian searches – which suggests buyers are attracted to the region for specific developments, rather than a general interest in the are

One popular Hungary spa resort is that of Saloc. With a range of apartments and suites available for sale, investors can spend from just £44,975 with no further financial responsibility. With guaranteed, fixed returns for a 10-year period, it’s understandable that this secure investment model will appeal to savvy property investors.

Select Resorts Properties have also seen a massive increase in interest for the resort, with new enquiries increasing by 85% in Q1 2013, compared to Q4 2012. Company Director, Pauline Bonnani comments;

“We’ve sold a number of suites and apartments on the Saloc Resort development to investors from all over the globe. The stable tourism figures and increasing medical tourism in the area are all driving demand for investments such as Saloc. It’s an affordable proposition too – and looks like it’ll be a fantastic resort once completed.”

The Saloc Resort and Spa development breaks ground on 19th June, with a large percentage of the project already sold. There is only 1 corner suite and 2 double suites with balconies still available for sale within the resort.

To find out more about investing in Spa Resorts in Hungary, please contact Select Resorts Properties by clicking here.

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