News: Investors Hungary for strategic Gyor

Mon, 10 Sep 07

The culturally rich city of Gyor in North West Hungary is gaining interest from overseas investors...

Flanking one of the main arterial routes in central Europe, the M1/E60, connecting Vienna to the west (122km) and Budapest to the east (124km),

Gyor is also just a few kilometres from the border of Slovakia and therefore within easy reach of its capital Bratislava (78km). Gyor is an ideal base for central European sightseeing, an obvious hub for manufacturing and home to Hungary’s biggest housing project.

The University town of Gyor has a colourful, architecturally stunning centre accented by Baroque and Gothic buildings and the attractive Basilica.

‘Energetic’ Varosret

Lying at the confluence of three rivers, the Danube, Rába and Rábca, Gyor also has deer parks, energetic festivals and the newly opened Rába Quelle adventure pools, slides and thermal baths, but the real action is going on along the banks of the Danube in the shape of the new master-planned green-belt community of Városrét.

On the site of 100-year old vehicle factory, Városrét is the single largest housing community in Hungary of up to 6,000 residential units, adding a vast 10% to the housing stock of Gyor.

A town in its own right, Városrét will also have a kindergarten, school, medical and sporting facilities including indoor pool and gymnasium, plus shops, cafés, restaurants, underground parking and parks, in fact 50% of the 6,000m˛ adjacent to the Danube will be given over to leafy green areas. All residents will be entitled to a Városrét discount card offering 5 to 10% reductions on goods ranging from wine to white goods and furniture to Ford motorcars.

Intelligent investment decision

Adam Godwin, Marketing Director of Dream Homes WorldWide comments: “In demand from affluent students and workers alike, property in Gyor and Varosret represents an intelligent investment decision.

“The car industry is massive in Gyor, whilst motor vehicle production dips elsewhere, Hungary saw a 13.3% increase between 2004 and 2005* thanks to low wages and the convenience of EU membership.

“Audi employs over 5,000 workers who have been producing engines since 1992 and also the TT coupe and roadster since 1998, and will do so for the foreseeable future. These are exactly the kind of individuals who will find the community of Városrét appealing.”


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