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

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