Marina Part


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This landmark marina development sitting on the bank of the River Danube was voted Best Residential Project in Budapest. Built by Autoker Holdings, these off plan one and two bedroom apartments are located in a unique marina enviroment only minutes from central Budapest. Marina Part is the most prestigious development in Budapest right now. This off plan investment opportunity offers an attractive and bank guaranteed staged payment plan (30% down / 70% on completion) with completion in January 2008.

Indicate Pricing


Layout Flat Size (m2) Balcony Floor (m2) Floor Price (HUF) Price (£GB*)
1 Bed 48.23 9.38 7 24,014,162 59,294
1 Bed 45.72 11.27 1 28,415,879 70,163
1 Bed 45.81 9.26 5 28,594,384 70,603
1 Bed 44.31 16.98 3 28,743,613 70,972
1 Bed 44.87 19.28 7 37,067,579 91,525
1 Bed 56.13 11.81 9 37,311,093 97,064
2 Bed 68.06 8.45 G 30,780,679 76,001
2 Bed 59.63 9.66 8 34,005,466 83,964
2 Bed 65.66 12.83 6 36,119,371 89,184
2 Bed 76.47 23.01 G 43,848,208 108,267
2 Bed 59.60 9.36 9 44,182,203 109,091
2 Bed 76.33 61.51 9 52,723,256 130,181

Please call for current availability.

*Exchange calculated at 405 HUF / £1.00 Apartments payable in Hungarian Forint (HUF) £GB conversion for indicative purposes only

Payment Timetable

Access Hungary has negotiated a favourable payment schedule, suitable for both cash buyers and for those raising a mortgage.

This is payable in Hungarian Forint (HUF):

1. Reservation Fee: 650,000 HUF (Non-refundable)

2. 30% Deposit (minus 650,000 HUF reservation)

3. Final payment: 70% on completion

Example:


Layout Flat Size (m2) Balcony Floor (m2) Floor Price (HUF) Price (£GB*)
1 Bed 48.23 9.38 7 24,014,162 59,294

1. Reservation 650,000 HUF £ 1,605*

2. 30% Deposit 6,554,249 HUF £16,183*

3. Final Payment 16,809,913 HUF £41,506*

Total 24,945,282 HUF £59,294*

Prices inclusive of VAT.

*Exchange calculated at 405 HUF / £1.00

Apartments payable in Hungarian Forint (HUF)


Why invest in Hungary:

Several factors are combining to fuel rapid growth and therefore considerable demand in Hungarian property:

1. EU Accession %u2013 Hungary joined in May 2004

2. Massive foreign investment / EU development aid

3. Slowdown in the UK property market

4. UK investors seeking to diversify their property portfolios

5. Proliferation of cheap flights to Hungary (easyJet, Jet2, Wizz Air)

6. Growing tourist destination

7. Hungary is the most progressive of the former communist countries

Experts are predicting that similar to Ireland, European accession will result in significant foreign investment in Hungary. Plans to join the Euro in 2009 will require significant cuts in interest rate to meet entry requirements. Combined, these economic factors will fuel significant property price growth.


Why Budapest?

Hungary joined the EU on 1st May 2004. The capital Budapest is only 2.5 hours drive away from Vienna and yet property prices are 4 to 5 times cheaper than the Austrian capital.

Bordered by 6 countries, Hungary%u2019s location at the gateway to central Europe has attracted significant foreign investment by companies such as Vodafone, General Electric, Citibank and IBM, many of who have established European headquarters in Budapest.

Hungary enjoys a highly developed land registry and established legal framework, which makes buying in Budapest very safe.

2 million people live in Budapest that benefits from a highly educated / highly skilled workforce. Local wealth is underpinning the market (approximately 15 capital growth on off-plan investments) supported by a buoyant local rental market (6-8% yields).

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