Hungary "safe" for international money transfers

Hungary's stable market makes it an ideal venue for those making international money transfers to the area, industry experts report.

Liam Bailey, director at Write About Property, recently highlighted the country as a "safe" place to invest.

The director explained that international money transfers to Hungary would benefit from the country's steady currency, which rarely sees vast fluctuations.

"It is a safe place to invest. There always seems to be stability in the market," he said.

"Although there's never reports of particularly exceptional growth, it doesn't have lots of particularly exceptional plummets either."

A recent report by real estate expert Colliers International showed that investments in retail, office and industrial properties reached 411 euros [£367.4 million] in 2008.

The company explained that this year is set to benefit investors as they are more likely to acquire a greater number of cheaper assets that may increase in value.

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By John Mills