Hervé Morin, a French-American business consultant, had to look for
quite a while before he found his investment bargain in December 2011.“I knew it was time to put money in real estate,” but, he said, he could not decide on which appealing segment of the Hungarian capital’s property market to place his bet — from high-end family homes to pied-à-terre in the city center.
Mr. Morin ended up selecting an 87-square-meter, or 936-square-foot, residence near Deak Square, in the very heart of the city. He paid less than €100,000, or $134,000, for the property and what he called a floor-to-ceiling renovation to divide it into two studios. Now he is renting them out and hopes to get an annual return on his investment of somewhere between 6 percent and 8 percent.
Read full article here:
http://www.nytimes.com/2012/03/16/greathomesanddestinations/16iht-rebudapest16.html?_r=1&
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