The decline of the Hungarian Forint profitable for investors

Over the last few months of a course of the Hungarian forint fell to 15%. This situation makes the purchase in Hungary, especially in Budapest, more interesting, says Dmitry Gulyaev, Director of International Sales of the largest Hungarian developer Cordia . Some not very successful applications of the Hungarian government at the end of last year seriously spoiled relations with the EU and IMF. The country fell into the crosshairs of criticism, and as a result, became the target of international currency speculators. As a result, in early January, the national currency has jumped from 280 to 321 forint to the euro at the peak. Now the rate is 308 HUF per euro - this means getting at least a 10% discount for investors who are able to make quick decisions. In turn, Cordia company, like most of the Hungarian real estate sellers, is not planning to increase prices in HUF within two months. That is all the difference between an investor takes a course. For example, two-bedroom apartments in new buildings is well located in Budapest dropped from 90 000 to 80 000 euros, and three bedroom apartments from 140 000 to 120 000 euros. According to Dmitry Gulyaev, this period may last until spring. After all, the country has already started intensive negotiations with the EU and the IMF in order to restore the status quo, and to reassure the financial markets. HomesOverseas.ru