I have an apartment in Budapest which I purchased in 2006. I tried renting it but by the time everything was paid I had practically nothing out of it. I put the apartment up for sale and I have a buyer. I would brake even if the currency was at €1 to 250huf but now the currency is heading for the 300 mark and getting worse.
My plan is sell the apartment and put my money into a deposit account I can get these rates from Cib bank
3 months 11,00% 6 months 10,00%
12 months 9,00%
18 months 10,00%
I was thinking of leaving the money in an account, earning interest and until the currency appreciates to a level that I can convert it back to euro.
Can anyone give me advice if I am doing the right or wrong here.
My plan is sell the apartment and put my money into a deposit account I can get these rates from Cib bank
3 months 11,00% 6 months 10,00%
12 months 9,00%
18 months 10,00%
I was thinking of leaving the money in an account, earning interest and until the currency appreciates to a level that I can convert it back to euro.
Can anyone give me advice if I am doing the right or wrong here.