The CE Invest Group is to merge with Catherine Dickens Properties under the new name Central European Property Group registered in Budapest and serving both Slovakian and Hungarian markets as a leading property management and consulting firm. Combining the professional world class service culture and internationally recognized interiors of Catherine Dickens with the strengths of CE Invest in residential and commercial lettings, international networking as well as corporate and tax consulting which will provide the added value that a foreign investor is looking for in Central Europe.

We are expecting an increase in property prices, especially in Budapest, in the coming years. Today an investor can still purchase a 2-bedroom luxury apartment in a refurbished listed building with 24-hour concierge service in a prime location in the heart of Budapest for €155,000, while the same amount would merely buy a 1-bedroom unit in a new development away from the center in Bratislava. The rental income of the luxury flat in Budapest would be twice that of the 1-bed unit in Bratislava.

The new Hungarian government has introduced incentives for property buyers, has created a more attractive business environment for foreign companies and employers in general, and has taken on the EU Presidency from January 1. Recent constitutional and monetary legislation has created uncertainty in the international markets, so the outlook for the Hungarian currency is ambiguous. Therefore this is a good time to buy property, however, only in the prime areas of Budapest. For those who have purchased property it is best not to sell, but keep it under good management to maximize revenue. The companies under CE Property Group specialize in the planning and project management of the restoration, interior design, and subsequent rental of high-end properties in Budapest.

If you have a question on your property or would like to know more about the Hungarian or Slovakian market, you can ask our expert Andras here