advice on selling my apartment in Budapest

F

focus

Registered User
Messages
69
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.
 
It's your call at the end of the day, but I'd be inclined to take a bet on the currency and lodge it to the highest interest account you can get over 6 months and review then. It's an entirely personal decision though, and nopbody can really give you good advice on it.
 
You must log in or register to reply here.
Menu
Log in
Register