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Prestige Towers
From €92,932 / £69,406
Luxury riverfront ready to let new development in Budapest, Hungary
High-end properties in the docklands of Budapest; high yields, acceptable prices
Get involved for as little as € 27,880
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You can also Request a Call Back You can also Request a Call Back
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One of our experienced Property Consultants will contact you at your most convenient time to discuss your investment preferences, the equity amount you would like to invest and your expected ROI and investment term. At this stage, you will also discuss any need or question you may have on property finance, rentals and property management, etc.
This will help us to compile a tailor-made investment portfolio according to your investment requirements, thus saving you precious time.
Prestige Towers
From € 92,932
District XIII, Budapest, Hungary
- Completed, ready to let properties to maximize your rental income
- Located in ‘the Docklands of Budapest’, Danube front
- District XIII is very up and coming with more and more companies moving in, increasing the corporate rental demand
- Prices for similar located and similar quality property in Western Europe would cost ten times more
- Very high specs and materials, combined with 5 star services
- The developers are investing 400 million Euro in this specific area, to make it the new, trendy hub in the city
Prestige Towers will especially attract investors looking for a high-end buy to let investment. As the properties are already finished your rental potential is massive and immediate given the demand in the area. With low deposits, and good financing solutions available to property investors, the capital outlay in Prestige Towers is very low compared to other similar properties in other capital cities. Rental yields are expected to cover most or all of your mortgage repayments, making the investment pay for itself. The estimated ROI potential of this development due to location, luxury levels, and current attractive prices is unequaled.
This imposing project is located behind the well-known Duna Plaza Shopping Mall, and along the bank of the beautiful Danube in district XIII, a fast developing area. Four residential towers form a unique waterfront complex containing 130 luxury apartments. Modern interior spaces; large glass surfaces and interior heights of 3 meters provide plenty of natural light and a luxurious atmosphere. Prestige Towers is an excellent choice for a high quality rental investment for the more affluent tenant; the amenities of the development include a café, restaurant, sauna, pool, gym, yacht port, even a chauffeur service by BMW to name but a few. Residents can hire different services, from plant watering to ironing, and use an online shopping system.
The 13th district is a booming area of Budapest that has already seen some development of riverside projects, both residential as commercial. The office corridor ‘Vaci út’ runs along the district, many Hungarian middle-class live in this vibrant district, creating a vast rental demand.
| Property type |
Price |
| Studios - 42,35 m2 |
From € 92,933 |
| 1 bedroom- 57,76 m2 |
From € 135,218 |
| 2 bedrooms- 73,29 m2 |
From € 206,010 |
| 3 bedrooms- 91,66 m2 |
From € 213,747 |
Finance this property
A one bedroom apartment could be financed through CE Finance from €667,24 per month
70% LTV mortgage for 20 years
5,80% Approx
Rent this property
This property could be managed by Tower Property Management, Budapest’s leading property management company. With an extensive database of local and corporate tenants, Tower Budapest is able to provide a high quality professional and hassle-free service to foreign property investors. They will furnish, manage, rent and even renovate your property…
Return on Investment
| Annual ROI Calculation |
| Price |
|
€135,218 |
| Equity investment: |
30% |
€ 40,565.40 |
| Rental Yield |
6%* |
€ 8,113.08 |
| Capital Appreciation |
8%* |
€ 10,817.44 |
| ANNUAL YIELD |
14%* |
€18,930.52 |
* The information contained herein is purely illustrative and should not be relied upon to form the basis of any contract
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Did You Know?
In the bay of Ujpest, very close to Prestige Towers, an impressive yacht port is being constructed with a total capacity for 77 boats, a 200 million euro investment. The future yacht port will place Budapest back on the map of Europe’s main water traffic and entertainment routes. According to plans, Budapest’s Public Water Transportation, MAHART, will also have a stop here, thus even those without a yacht can avoid traffic jams with the help of water transportation. As seen in other cities, development like this will push up the price of property in the area as well as rental yields.
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