Property management

If you investment strategy is to rent out the flat you are purchasing in Budapest, at CREASUR we provide consulting and mediate the services of various firms cooperating with us and specialising in property management:

• We provide guidance in the selection of property management experts we have been in cooperation with on a long-term basis. When you have received the keys of your new apartment, they will take upon the management of your property:fittings and fixtures, rent management, maintenance, bookkeeping, etc.
• In Budapest, due to the city’s cosmopolitan character and vivid culture, there is a steady on long-term demand for new homes offered for rent. Tenants primarily include the high number of expatriates residing in the country on a temporary basis for work reasons, Hungarian middle-class youth before purchasing their first home and a great number of university students due to the high concentration of university centres in Budapest.
• Average annual rates of return for leased properties range from 5 to 8 percent. You can add to that the revaluation of the property as the result of the fast and continuous development of the real estate market and the introduction of the Euro envisaged to take place around 2010-2011, promising a steady increase of the value of property.