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Hungary has made the transition from a centrally planned to a market economy, with a per capita income one-half that of the Big Four European nations
The Property market is growing 5%
There are no restrictions or controls on current transfers or repatriation of profits and no restrictions on issues or sales of capital market instruments
Solid profit on property sale is still available in Budapest
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The fiscal deficit is high, and economic competitiveness has declined somewhat with worsening economic fundamentals and a growing tax burden
High income tax
Inflation has been relatively high, averaging 6.3%.
Corruption is perceived as present
Euro introduction is expected to be done within five years but uncertainty in Hungarian economy performance might have impact on the action
The Real Estate sector suffered from the economic downturn
Hungary, one of the countries in Eastern Europe hardest hit by the economic crisis
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