Despite its austere, communist past, Hungary is a heart-stealer. Visitors are lured back time and again to sample its rich wines, lounge in its thermal spas, absorb the graceful ambience of Budapest and sail on Europe's largest lake, Balaton. The country has all the luxury of Western Europe with a Magyar twist and only half the cost.

Its graceful capital Budapest has a lively arts, café and music scene, and is host to a range of cultural and sporting festivals. In the countryside you'll find majestic plains, resort-lined lakes, Baroque towns, horse markets and rustic villages.

Hungary is one of the most popular Eastern European countries for second home owners. This trend is expected to increase now the nation has joined the EU. Even prior to EU membership the property market was doing well. The development of a capitalist economy and the growing tourist industry has all had a positive impact upon property values. Investors have seen very substantial returns over recent years and it is widely expected that growth rates will be maintained or even increase in the future.

Hungary is a country of 10 million people with a stable multiparty democracy and an emerging market where radical structural changes have taken place since 1990. Hungary is a full member of OECD and NATO. It joined the EU on the 1 st May 2004. The last four years have seen a significant growth of GDP (4.6%, 4.9%, 4.5% and 5.2%) and foreign direct investment. The Hungarian economy is export driven to which investments of international companies have significantly contributed.

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