Before viewing our property for sale in and around Lake Balaton and other areas of Hungary please consider some facts about the country.

Hungary is a property hot spot, a beautiful country offering low property prices, low cost of living, with a wide variety of leisure activities and a safe, stable environment in which to invest as part of the European Union.

Hungary has a population of approximately ten million people and is far less densely populated than the main parts of the UK, so there are many open spaces to explore. There is one main area where we expect good continued growth over the next few years; and that is the Lake Balaton region. For this reason we specialise in property for sale in Lake Balaton and the surrounding areas.

Hungary is known as the Land of Spas, there are an ever-increasing number of health resorts utilising these natural spas to promote well being.

Horse riding, sailing, fishing, walking and cycling are all popular leisure activities in particularly in and around the Lake Balaton area.

With so many countries now in a state of recession, now is a great time for the UK investor to move into the Hungarian market and take full advantage of the current low values here. The situation will not last for long, and the next few years are crucial to obtain the best investment deals.

Capital values of Hungarian property have increased over the last few years at anything from 10-25 and even 30%. We expect prices to continue to rise over the next few years, probably at an average of around of 10 to 15%, but possibly rising to 20% as accessibility and market knowledge improves.

Unlike much of Eastern Europe, Hungary has enjoyed long-term stability and is free from some of the ethnic rivalries seen in other former Soviet countries. It has a stable population of Hungarian descent and is a relatively safe country with a low crime rate and a friendly population.

Since entering the EU, Hungary has benefited from considerable European Aid and much of this has been spent in the western area which now has a largely Western European infrastructure. New roads and motorways are being built and the rail network is being upgraded with new rolling stock.

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We believe that there is great potential in the area known as Lake Balaton. Here we can offer an exceptionally wide variety of properties for sale, from village cottages starting from around £7,000 up to exclusive detached lakeside homes which can cost up to £150,000 to £200,000. Hungary literally has something for everybody when it comes to property.

In the area around Lake Balaton, one of the most popular areas is the northern side where the more exclusive properties are for sale. As you would expect, prices tend to fall the further you move away from the lake. Property around the south part of Lake Balaton is becoming increasingly popular and often provides the best opportunities for purchase as values are still relatively low. However, they are bound to rise over the next few years as the infrastructure improves and the motorway network is completed. Most of the new motorway network is actually situated to the south of the lake.

Own It Abroad has established secure links with our partners in Hungary and also with local Hungarian lawyers. The purchase system is a relatively simple one and we will liaise between the purchaser and the lawyer to ensure that the transaction runs smoothly and reaches a swift conclusion. Whilst the purchaser will have a direct link with the lawyer in Hungary, Own it abroad will act as an intermediary to assist the smooth running of the transaction.

One of the main benefits of buying a property in Hungary is the fact that land is bought freehold and is well protected by a Land Registry system which was overhauled and revamped at the end of the Communist era. Hungary does not have the problems experienced by other Eastern European countries with regard to land ownership, and this is one reason why Own It Abroad have decided to invest so heavily in Hungary as the next investment hotspot for the UK.

Own It Abroad is confident that we have a growing market in Lake Balaton and Hungary in general which will be particularly attractive and suited to the UK buyer. Indeed we are expecting there to be many from the UK who will purchase properties, particularly in the Balaton area, as long term holiday homes, due to the wide range of activities that are available, not forgetting that the lake itself provides a very safe environment as it is shallow and water temperatures in the summer often reach 20-22 degrees ensuring swimming is a delight.

Lake Balaton is a huge area to the west of Budapest and is a popular centre for relaxation and leisure as well as being one of the most sought after locations for residential property. A wide variety of leisure pursuits are available including horse riding, fishing, sailing, wind surfing, cycling, hiking, walking, rock climbing and swimming. Of particular interest is the historic peninsular of Tihany which includes an ancient monastery and village dating from the Middle Ages and was a burial place for the Hungarian Royal Family.

Lake Balaton is an area of great interest and natural beauty and it is the largest freshwater lake in Central Europe. Generally shallow, the water warms quickly particularly in spring and summer; 20 – 22C and occasionally even reaches 28C.

The Southern shore is favored by families and even the smaller children can play on the sandy and grassy beaches and in the shallow water. The Northern shore is deeper and is popular with the more adventurous and adrenalin junkies with many water sports centers located in the area.

Budapest is the Capital of Hungary and is known as the Queen of the Danube. It spreads from the hills at Buda to the flat land at Pest with the River Danube in between and is described as the City of Bridges and the City of Culture.

Acknowledged as one of the most beautiful cities in Europe, it has a diverse architectural heritage and offers a wide variety of entertainment for visitors.. There is a great buzz about this lively city with a population of around 2 million. There are around 130 mineral and medicinal springs in Budapest and a variety of specialist Health Spars and treatment hotels.