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profitline.hu: A secret tip on the rental market: what investors are focusing on now
A significant shift is currently taking place in the real estate market, as various factors are contributing to an expansion in the number of locations where above-average tenant demand is expected in the near future. “While the Thermal Zugló residential park was previously chosen mainly by those looking for a private, family home, there is a growing trend of buyers purchasing with investment purposes in mind,” highlights Áron Görög, Sales Director at Cordia.
A newly emerging location is Alsórákos, a suburban yet well-connected and well-equipped neighborhood in Budapest’s 14th District, where the fifth phase of the Thermal Zugló residential park, developed by Cordia, is under construction. Two major office building developments are also underway in the broader area—at Bosnyák Square and along Ajtósi Dürer Avenue near City Park. The new homes in the residential park will offer ideal rental opportunities for the employees and executives of the companies and institutions relocating there.
In addition to its excellent location and infrastructure, the area also offers a peaceful, green environment, complemented by a wide range of recreational options. Therefore, those considering property purchases for investment purposes — including those planning to reinvest funds released from government securities — should be aware of these newly emerging areas.
Read the full article at profitline.hu, here, in Hungarian.