Currently in the UK property market, we have one of the best buying opportunities that we have seen for the last 20 years. Shrewd investors are out there right now snapping up some fantastic bargains whilst the amateurs are staying out of the market due to uncertainty, lack of knowledge, and fear!

Location

Hungary neighbours Austria, Slovakia, Ukraine, Romania, Serbia, Croatia and Slovenia and its rivers divide the country into three large regions.

Located on the banks of the majestic river Danube, Budapest is Hungary's capital. Budapest is nominally divided into two areas: Buda lies to the west of the Danube River and has half a million residents. Pest lies to the east of the Danube River and has 1.3 million inhabitants. Buda and Pest were united with Obuda in 1873 establishing Budapest which is seen as one of the most romantic places in Europe to visit.

Hungary held its first multiparty elections in 1990, and initiated a free market economy. It joined NATO in 1999, the EU in May of 2004 and is expected to adopt the Euro by 2012 a move that speculators believe will go on to have a positive effect on the nation's property prices.

Unlike many Eastern European countries, Hungary has a strong domestic rental market, especially in the country's beautiful capital, Budapest. Speculators believe that buy–to–let investors can expect annual returns of between 5% and 15% in Budapest.

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