Hungary 'offers property bargains to foreign investors'
Overseas property investors have been advised to consider snapping up potential bargains in eastern Europe.
Igor Heriban, head of a Hungarian real estate firm, highlighted the Transdanubia as one area that would represent a good investment, along with the border region with Bratislava.
He said these areas had seen a property boom in recent years, resulting in a surge in the number of purchases by foreign investors, particularly from nearby countries such as Slovakia.
Mr Heriban commented: "While 15 years ago around 5 to 6 homes per year were sold here, last year saw sales of 20 to 25 houses per month."
He added that real estate in Transdanubia region was at least 30 per cent cheaper than in the city of Bratislava and surrounding areas.
Earlier this week, holiday website Intrepid predicted that interest in eastern European property markets would increase as a result of a new television documentary by Michael Palin on the region.
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