Hungary 'becoming popular' with property investors

18-May-2007

In news which may interest first time home buyers looking to purchase an investment property overseas, Hungary is becoming an increasingly attractive location for property investment, it has been claimed.

According to Simon Walker, a sales director with Off Plan International, although it is important to seek the advice of an English-speaking legal representative when considering a purchase, Hungary is attracting more attention as it receives more media coverage, which may attract would-be first time buyers looking to invest for the first time.

Located in central Europe, Hungary is surrounded by a number of countries, including Slovakia, Austria, Romania and Slovenia.

"Have a good lawyer that can read the contracts and actually interpret exactly what's being said … it's always key to have a very good English-speaking lawyer," said Mr Walker.

"If you're buying overseas, it's different to buying in the UK," he added.

Off Plan International is entirely owned by Balkan Holdings.

To find out more about buying a property abroad to get onto the property ladder click here.

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