09/08/2022
5 reasons to live in Budapest, Hungary.
In 2022, Budapest was ranked among the top 4 cities in the EU for living and working remotely and buying property (according to Nerdwallet.com). This is due to the fact that the price per square meter of real estate in the center of Budapest is 2-3 times lower than in most European capitals and large cities (Rome, Milan, Nice), and the cost of living too. At the same time, Hungary has the lowest corporate income tax rate in the EU - 9%. That is why, lately, many residents of Europe and other countries are thinking about moving to Budapest or buying a property here to rent out.
Top 5 reasons to move to live in Budapest:
1. Budapest is one of the most affordable European cities to live in. It is in third place in the ranking of the cheapest destinations to buy a house in Europe; the average cost of an apartment in the Hungarian capital is 100,000 euros.
2. The lowest corporate income tax rate in the EU: 9%.
3. Fabulous architecture: the abundance of ancient castles, palaces, and bridges, as well as the magnificent night illumination of the streets and sights of Budapest, attracts millions of tourists from all over the world. In 2019, Budapest was named the Best Tourist Destination in Europe.
4. Unique nature: beautiful hilly sun-drenched landscape, mild climate, and countless thermal springs make Hungary attractive all year round for both tourists and permanent residents.
5. The possibility of obtaining a residence permit. Citizens of non-EU countries can obtain a residence permit in Hungary by investing in real estate.
Peregrine Investments & Consulting is a boutique real estate brokerage agency based in Budapest, Hungary. We specialize in selecting investment and holiday properties in Hungary, the UAE, and the USA for our international and local clients. Send us a message on Messenger for a consultation.