Hungary is a landlocked country in the Carpathian Basin of Central Europe. This means the country faces hot summers, with lower humidity levels. Summer months are the main months for people taking a family holiday in Hungary.

Frequent rain falls and snowy winters are why Hungary is becoming more popular for winter sports such as skiing. Ski chalets are available to rent along with self catering apartments. Tourists who enjoy the outdoor lifestyle can rent a holiday cottage in the mountains, hiking, climbing, horse riding, fishing and swimming are just a few of the activities that can be enjoyed.

Many tourists rent a holiday villa or self catering villa and visit the world heritage sites of Hungary. Budapest is the most famous heritage site. It is the capital city of Hungary and famous for three sites, Buda, Pest and Castle Hill. You will find the marvellous Royal Palace situated here. It is built in Gothic style. It has been built and modified for more than 300 years. In 1968, the castle was destroyed by the Christian army. In 1715, the castle was rebuilt once again. Buda Castle Labyrinth is another famous tourist attraction. It is the underground maze which stretches all the way to Castle Hill.

Most tourists rent a holiday apartment or cottage and use this as a base to explore the local tourist attractions. One that is not to be missed is The Great Synagogue in Budapest. This is the largest synagogue is Europe. It is stunning monument. The Szoborpark statue park is another favourite for tourists and is well worth visiting.

Most of the statues are of communists from the history of Hungary. As you walk around, imagine driving to your job every day and driving past these monumental statues on your way to remind you of the leader that you must honour and accept, no matter how much terror he brings to your country. The museum is an introduction to the spirit behind the Iron Curtain.

For lovers of shopping there is The Central Market Mall. This is situated in Budapest. The 19th century market is the largest in the city. This was built in the 1890s and was re-established in 1994. Budapest offers rented accommodation such as self catering apartments and holiday villas; you can arrange this through the home owner.

Another great attraction are The Great Plains as they can be used for horse riding at the weekends. These plains are also the home to various popular stud farms that are used for regular horse shows and exhibitions. You can book for horse riding lessons or go on excursions with various horse riding schools.

Due to all things above, Hungary is a great place for both summer and winter holidays, If you’re planning to looking for rent a luxury villa with a swimming pol in the sun, or a ski chalet in the snow, Hungary is the perfect location.

Hungary has experienced a series of sweeping changes, which have transformed it from a Socialist country to a thriving market economy with its door firmly in the door of the European Union. Even during it’s as a Soviet satellite state, Hungary was the most developed, liberal and wealthy nation in Eastern Europe. Under socialism, it maintained a steady rate of development and with the dissolution of socialism in 1989; the city has entered the post-industrial age with a leading role of blue-collar workforce. The Hungarian Economy continues to grow, and inflation is at a low level relative to the rest of the emerging markets in Central and Eastern Europe.

Hungary was the first Country in Central Europe to join the World Bank and IMF in 1982. Over 30 Billion euros have been injected into Hungary since 1989, and the growth rate of FDI in 2003 reached 45%. Hungary was the first Country in Central Europe to join NATO in 1999, and became a full member of the European Union on 1st May 2004.

Various Property Investment surveys have shown that in the last ten years properties have grown in value, on average, more than 350 percent. Between 1999 and 2003 Budapest property prices increased by 60 percent, and between 2003 and 2005 the economy has seen a growth rate of 15 to 20 percent. In the Budapest property market, rental incomes have provided minimum yields of 7 percent, rising to around 10 percent. There are a number of solid reasons and indicators to suggest that Hungary’s economy should continue to grow at current rates. Property investors can feel secure that there is still much more to gain from buying Hungarian property. Politically Hungary is stable and its system of government is transparent, which has led to numerous companies moving all or part of their European workforce in the country. Since the beginning of the 1190’s the inflow of foreign operating capital has been the main source for the modernisation of the economic structure and for the improvement of competitiveness in Hungary.

With the introduction of cheap flights from major airports from around the world, tourism is increasing at a remarkable rate, and Ferihegy will soon become one of the busiest airports in Eastern Europe. In the first ten months of 2004 discount airlines brought 338’000 visitors to Hungary, and Budapest is among the ten most preferred International destinations. One important factor contributing to Hungary’s continued economic success is the drive towards adoption of the Euro, set for 2010. Government policy should remain sensible and stable in coming years as this target of further European integration is aimed for.

Nowadays, Hungary is a full member of OECD and the World Trade Organization. As an ancient European capital city, Budapest has many of the charms of other major European cities, which, coupled with the dynamism of the economy in the decade and a half since communism, makes the still very low property prices extremely attractive, for both investors and those looking for second homes in a European capital of culture.