PREMIUM ATTIC DEVELOPMENT PROJECT

Investment Opportunity – 9 New Premium Attic Apartments in Budapest’s 8th District

Premium attic development project close to the city center
An exceptional investment opportunity in one of Budapest’s most dynamically developing districts, Józsefváros. The project involves the full development of an 859 m² attic space, resulting in 9 newly built apartments and 9 storage units.
Key Data
• Budapest 8th District
• 859 m² existing attic space
• 638 m² gross built-up area
• 673 m² total sellable area
• 9 apartments
• 9 storage units
• Planned apartment layout:
o 3 studios
o 4 one-bedroom apartments with living room
o 2 two-bedroom apartments with living room
• Planned selling price: 1,700,000 HUF / sellable m²
• The project qualifies for a reduced 5% VAT rate subject to compliance with current regulations.
Why is this development outstanding?
New residential developments in Budapest’s inner districts are extremely limited. In districts VII–IX, free development plots are practically exhausted, making attic conversions one of the most valuable development opportunities.
Apartments developed in suitable attic spaces qualify as new builds under current legislation, allowing for a reduced 5% VAT rate on sales, provided the relevant conditions are met. This offers a significant competitive advantage for both developers and end buyers.
Additionally, attic apartments typically command a 5–10% market premium over traditional floor apartments in the same building due to increased natural light, terraces, and favorable views.
Expected Returns
The project’s financial indicators are outstanding.
• Total development revenue (Gross Sales): 1.098 billion HUF (≈ 2.75 million EUR)
• Total development cost: 634.8 million HUF (≈ 1.59 million EUR)
• Expected profit margin: 42.2%
• Return on capital (ROC): 73.0%
The planned sales price of 1,700,000 HUF/m² currently falls within the lower-mid price range for new builds in districts VII–VIII, with further price growth potential if market convergence continues.
Potential Buyer Groups
This development appeals to several target groups.
Owner-occupiers seeking a modern, new-build city-center apartment with excellent transport links and terrace features.
Investors interested in long-term value growth or premium rentals. The central location and new-build quality ensure stable demand.
Wealthy domestic and international private buyers looking for a resilient investment in Budapest’s central residential market.
University-affiliated buyers and tenants, as proximity to ELTE and Semmelweis University ensures steady demand in the area.
Location
The Baross Street development is located in one of Budapest’s continuously evolving and appreciating neighborhoods.
• 300 meters from Blaha Lujza tér (M2) metro station
• Deák Ferenc tér reachable within minutes
• Nagykörút and downtown within a 10–12 minute walk
• Keleti railway station accessible on foot
• Directly near ELTE and Semmelweis University
• Apartment prices in the 8th district have shown significant growth since 2018, while urban renewal and public space improvements further enhance the area’s value.
Investor Summary
This project offers an exceptional opportunity to develop new apartments very close to Budapest’s city center, in a location where new supply is extremely limited. Favorable development metrics, a strong location, high expected returns, and eligibility for reduced VAT combine to create outstanding investment potential.
If you are seeking a development opportunity with long-term value and excellent return potential, please contact me.
I am happy to present the detailed project overview, technical documentation, and financial calculations in a personal meeting.

The data in this advertisement is based on information provided by the client, is for informational purposes only, and does not constitute an offer under the Civil Code. We reserve the right to change prices and content.