There are significant differences between new-build property prices in Budapest, Warsaw and Bucharest, but price per square metre alone does not reveal the true value of a property investment. Rental yields, construction and land costs, taxation, local demand, administrative requirements, and even the standard and completion level at which properties are sold all matter. In Poland, for example, gross rental yields of 4.5–6%, and 5–6% in Bucharest, can make these markets attractive, while important differences remain between individual cities and projects.

“Beyond cost differences, prices are also strongly influenced by the complexity of administration, the strength of demand and the range of government incentives available to buyers,” says Áron Görög, Sales Director at Cordia. Interest from Hungarian buyers in international markets is also growing: Cordia has seen significant interest in its 274-unit Centropolitan project in Bucharest. Alongside its regional markets, Cordia is also active on Spain’s Costa del Sol, where it is now developing its second project.

The full article is available in Hungarian languange at this link.