Budapest Accountant

I thought my post was quite positive! I think Sziv utca is slowly getting better and this part between Aradi and Szondi has improved considerably in recent years, although it still has a long way to go. By the end of this year, at least three more buildings will have been renovated on this stretch. Have you asked/has your management company asked about plans for the house? If it was renovated, then you would be in a much better position and the apartment would both be easier to rent and to sell when the time comes. Have some faith in the city. All of this 'Paris of the East' nonsense has never made much sense to me, but in many ways, it's a fantastic city and it will come good eventually but probably not in the short term. In the meantime, make sure that the property is furnished well and be realistic about your rent. €400 should still be achieveable, if it has two separate bedrooms. You've had it rented until now, so no need to panic.

Do not panic please!

Current market environment in Budapest may cause you haedache as your yield is lower than it was expected. It is well-known that there is no investment without risk and disadvantages.

If you are able to do, start thinking of an apartment portfolio instead. You would have more chance to mitigate the potential market risk and manage unfavourable situations like nowdays market here. Diversification is a simple and well-known and very efficient method in risk management.

Future is never ever predictable but classic apartments seem to have long term return in this area.