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Debrecen trying to match Budapest’s property prices?
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It is not unusual in Budapest to have property prices above €3000 per square meter. However, this is an unprecedented phenomenon in Debrecen.
As reported by vg.hu, the property developer Allure Residence Budapest Sales Kft. is planning to set the prices of homes in its new Egyetem (University) Tower at over €3000 per square meter. The building will be located close to the University of Debrecen. The same company has sold over 500 properties in Budapest’s IX district.
According to the firm’s sales director, Gábor Eteley, they are targeting the employees of the nearby BMW factory. This is also a great investment opportunity for those who want to sublet these premium flats to foreign students at the University of Debrecen as it is in one of the most expensive part of the town.
Egyetem Tower is more than just a modern block of flats. It will have a rooftop dining area, swimming pool, sauna, Jacuzzi, and a luxury restaurant on the ground floor.
The investors are under the umbrella organisation of Egyetem Tower Kft. They have all seen the potential in this project and the local real estate market.