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Villa – District XVI, Budapest, Hungary

7,900,000 €
  • Total area
    2,148 m²
  • Land area
    3,241 m²
  • Bedrooms
    7
  • Bathrooms
    7
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Advantages

The property is for sale. Enquiries from both domestic and foreign investors are invited. We can provide complete legal background for the purchase contract procedure and guarantee utter discretion regarding the buyer’s anonymity. The property can also be purchased by buying company shares from the construction company, thus the whole transaction can be free from state levies.

The estate offers an attractive proposition for investment purposes. The construction company responsible for building the property offer any new owner the opportunity to lease the property back to the builders. Projections based on the current economic environment suggest that returns in the region 5–7% annually could be achieved via the leasing process and the growth in value of the property. The figures have been generated using the Euro as the basis.

Training

The constructor will provide full training for the buyer or the buyer’s representative regarding all the high-tech equipment within the property, and hand all relevant documentation (with layouts, descriptions and warranties etc.) relating to the building and built-in equipment. On special request the constructor can offer and provide maintenance services for the building, garden and equipment for a reasonable flat rate.

Infrastructure

Eco-friendly mansion in a modern minimalist style.

The villa has been awarded the highest level ‘A+ ’ energy certificate, as it features a host of renewable energy systems. Furthermore, the building service systems employ only modern and efficient devices that greatly reduce energy consumption and minimize maintenance costs.

Sun collectors located out of view on the roof provide hot water for the whole estate.

The water for the irrigation system is provided by the property’s own well and rainwater cistern.

Location and nearby infrastructure

The Budapest, XVI. district, one of the most sought after residential areas of Budapest provides an excellent location for villa. The convenient location of the property is demonstrated by the fact that both the city centre and Budapest International (Liszt Ferenc) Airport can be easily reached by car in only 20 minutes.

The neighborhood provides a beautiful living environment with local parks and streets lined with giant sycamore and chestnut trees. Mátyás Király (King Matthias) Square enhances the idyllic surroundings providing the area with a park. The property lies within an area called Ómátyásföld, which also bears the name of King Matthias. During his reign this area was managed by the crown and frequently used for hunting.

More properties

If this property wasn’t for you, take a look at other houses for sale in Hungary.

You can see more houses for sale in District XVI elsewhere on our website.

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    Inna Shchukina
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    Senior property selection advisor
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      How to buy property with Tranio
      Enquiry

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      Meeting the partners

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      FAQs
      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain and Latvia offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Turkey passport by buying a property worth at least $400,000.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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