Fidentia Group has launched a range of Hungarian mortgage deals.
Budapest, the capital of Hungary, has enjoyed a property boom recently, and offers investors capital gain of between 15% and 20%, and increasing rental returns currently averaging upwards of 6%.
Newton Scott, chairman of Fidentia Group, says: “Whether clients are looking for a mortgage to buy a holiday home or investment property in Hungary, or re-finance existing property purchases, Fidentia is able to offer a range of private and commercial finance products.”
The EU Spring Economic Report of 2004 estimated Hungarys GDP would exceed the overall EU average by approximately 50% in two years, a forecast which Fidentia says is already proving accurate. The country is also attracting foreign investment from multi-national corporations such as General Electric, Nokia and Samsung, which in turn has led to an increased demand for housing.
Over the past few years, an increasing number of British and Irish have been investing in property in Hungary. Scott says:” With the new mortgage products now being launched for this market, our clients will be able to take advantage of exclusive terms available through Fidentia including longer repayment period and lower interest rates for company applications.”
Fidentia also offers a legal advisory service to assist with real estate transactions by private individuals