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Hungary is located on the border between Eastern and Western Europe. The level of wages here is lower than in most EU countries: according to the Statista portal, only 6.7 thousand euros per year is about four times lower than in France or Germany. Thanks to this, Hungary is popular with small companies and international corporations that open their offices in Budapest: for example, IBM, Morgan Stanley and EPAM. Continue reading
Why is real estate more expensive or cheaper in one place than in another? Often the difference is due to the cost of transport: the cheaper logistics costs, the more expensive a square meter.
For example, the profitability of the plant near the highway is higher than far from it, since the delivery of materials and finished products is cheaper for its owner. Also, the store’s profit is higher if it is located in a residential area: customers often go shopping on the way home. Continue reading
Since 2010, the Greek government has taken many measures to reduce public debt and budget deficits. They have already brought the first results: according to the IMF estimates, GDP growth in 2017 was 1.8%, and in 2018 it will increase to 2.6%. This is the right moment to invest in Greek real estate: the country’s economy is gradually recovering, and the real estate market has reached the bottom and will soon start to grow. Continue reading