CE Invest Catherine Dickens Merger
We are proud to announce a merger between CE Invest Group (Hungarian and Slovak companies) and Catherine Dickens Properties www.catherinedickens.com under the new name Central European Property Group, registered in Budapest. Owners Catherine Dickens Gore, Martin Melisko, and Andras Patkai believe that CE Property Group has the experience, know-how, and potential to emerge as a leading property management and investment consulting firm in Central Europe. The professional world-class service culture and internationally recognized interiors of Catherine Dickens coupled with the strengths of CE Invest in residential and commercial lettings, international networking, as well as corporate & tax consulting, provide the added value that the foreign investor is looking for in Central Europe. The specialized solutions of CE Invest embellished with the standard and quality of Catherine Dickens give CE Property Group the edge in a volatile yet highly exciting market.
Achievements so far include
• Market leading status in prime residential property management in Budapest
• Market leading status in residential property management in Bratislava
• Opening of the first CENTURY 21 real estate agency in Bratislava
• Management of prime residential buildings in the luxury segment in Budapest
• Representation of all of the top A-class office buildings in Budapest
The fusion will benefit our clients in many ways.
• Better customer care with meticulous attention to detail
• Higher level of control through the online property management system
• Further reduction in vacancies through an increased market share
• Successful re-sales through an enlarged contact base
• Less tax to be paid due to rigorous accounting
• Elimination of non-paying tenants through proper screening and preventive measures
• Even more transparency and availability
Offices have moved from Hollo utca (Gozsdu Court, 7th District) to the much more prestigious Vigyazo Ferenc utca, in the 5th District of Budapest, between the Hungarian Academy of Sciences on the Danube River, at Chain Bridge, and the Central European University. There are 17 committed and qualified employees working in the 240m2-office in a beautiful classical listed building, restored to its original splendor.
We are expecting an increase in property prices, especially in Budapest, in the coming years. Today an investor can still purchase a 2-bedroom luxury apartment in a refurbished listed building with 24-hour concierge service in a prime location in the heart of Budapest for €155,000, while the same amount would merely buy a 1-bedroom unit in a new development away from the center in Bratislava. The rental income of the luxury flat in Budapest would be twice that of the 1-bed unit in Bratislava.
Compare
Budapest, 2-bed, prime location, €155,000
Beautifully renovated 67m2 apartment in a monument building in District 5, the government and bank district next to a prime office building and a luxury hotel. Glass-covered courtyard, 24-hour English/Hungarian reception, hand-built dark wood kitchen with thick stone marble work surface, dark wood parquet and limestone flooring, price includes furniture, click for pictures and more…
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Bratislava, 2-bed, new-build, €175,000
A modern 95m2 1st-floor apartment with 2 bathrooms and a balcony. 24-hour security and reception service, kitchen furniture, 3 built-in wardrobes, indoor parking space included. The Octopus Building is an award-winning architectural curiosity with a beautiful green inner courtyard and spectacular colors in the common areas, situated on a main commuter artery, a few tram stops from the city center, click for pictures and more…
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Bratislava, 1-bed, new-build, €148,000
A trendy 64m2 2nd-floor brand new apartment with balcony in the popular Eden Park complex, with a well-tended park, close to Strkovec Lake in the Ruzinov District. There is no reception service. Price does not include kitchen cabinets or parking space, click for pictures and more…
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The new Hungarian government has introduced incentives for property buyers, has created a more attractive business environment for foreign companies and employers in general, and will take on the EU Presidency from January 1. Recent constitutional and monetary legislation has created uncertainty in the international markets, so the outlook for the Hungarian currency is ambiguous. Therefore this is a good time to buy property, however, only in the prime areas of Budapest. For those who have purchased property it is best not to sell, but keep it under good management to maximize revenue. The companies under CE Property Group specialize in the planning and project management of the restoration, interior design, and subsequent rental of high-end properties in Budapest.
