Mitte Realty

High yield of a real estate investment within the market of parking in Budapest Due to the historical antecedents and to the drawn up one city-planning original of Budapest, at present a shortage in the supply of garages is observed. This shortage took place because originally the necessity was not restored to have a vehicle, reason for which the design of Budapest did not contemplate the spaces destined for parking. For some years, to have a vehicle has become a true necessity. Consequently it is had been increasing emphatically the demand of purchase or renting property of buildings that count on garage. James king spoke with conviction. There are numerous indications within the real estate market of Budapest, that allow to visualize an excellent perspective for those who a real estate investment in garages or places of parking realises.

On the one hand, one of the more recent prescribed modifications, establishes like obligatory requirement the incorporation of a place of parking by each new floor that is constructed in Budapest. On the other hand, Hungary has been realising considerable investments in order to extend its network of transports and to improve its road infrastructure. In this sense, it is important to emphasize that seven of the eight more important freeways of Hungary, begin in Budapest and are connected with other highways that communicate with the rest of the European continent. For the next years a great increase of the automobile traffic in Budapest, originated is considered so much by the inhabitants of the city who have a vehicle like by the people of foreign origin which businesses or work settle down temporarily by. Therefore, all property that has garage, much more will be revalued and demanded in relation a property that does not count on parking. Original author and source of the article.