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Newly built luxury apartments in the city center

As the booming economy revived confidence among wealthy real estate buyers, the demand for luxury apartments in Budapest rose significantly. Recently, more and more developers are venturing into the premium segment, which results in the rise of newly built luxury apartments in the capital.

Unfortunately, there is no shortage of builders who market their projects as “luxury”, without the term having any real raison d’être. As a result of the growing demand for luxury apartments, many investors (and of course buyers) actually buy apartments that are labeled as luxury but do not meet the accepted standards of luxury real estate.

Such developers highlight and promote certain specifications and equipment in their marketing material, but without exception remain silent about much more important aspects. Buyers of luxury homes should not be misled by the confusing parameters mentioned by such developers to label their projects as “luxury”.

In the compilation below, we take a look at the current downtown (Vth – VIth District) projects, but before we look at them, we would like to clarify a couple of concepts about the basic characteristics of a luxury apartment.

So, what kind of apartments are really considered luxury apartments?

Great location

Convenient location is one of the most important aspects to consider when choosing a luxury apartment. A centrally located apartment is beneficial for high-net-worth investors who are close to important locations such as airports, business districts, railway stations, etc. they want to live near. However, problems such as traffic congestion, noise and environmental pollution can make such a location difficult. True luxury is defined by a careful balance between connectivity and the overall environment.

Perfect view

The window view available from the apartment is also an important aspect. A project can be truly luxurious in terms of its specifications and facilities, but if it faces a busy street or anything else that is not pleasing to the eyes of the residents, then both the habitability value of the apartment and the rental/takeover potential of the apartment can suffer. Super-rich amenities like a rooftop pool and a spa bath in every bathroom don’t matter if you’re missing the essential ingredient of luxury living.

Ultramodern equipment

Buyers investing in luxury homes want the best they can get for their money. The luxury apartments are meticulously designed to provide maximum comfort, with attractive interiors and state-of-the-art amenities. Premium residential projects should offer modern facilities such as landscaped gardens, stylish living rooms with LED televisions, elegant and fully equipped kitchens, Wi-Fi, preferably more parking spaces, fast elevators, 24-hour security and gyms.

Top quality

It is a basic requirement that the project is built with high-quality building materials and that it includes extras such as high-quality modular kitchens, glazed tiles and floors, etc.

100% security

Luxury homes are not only about living in comfort, but also in complete safety. When living in a luxury home, residents need to be safe from all kinds of criminal intrusions. At the same time, of course, they don’t want to have to install security bars over the windows or the front door, as they completely ruin the aesthetics of their home. A true luxury project has the best security, both in terms of actual staff and state-of-the-art electronic monitoring and surveillance. Every imaginable security measure should be firmly in place.

Few neighbors

The exclusivity of a luxury home also depends on how many people live in the building. In a multi-apartment complex, amenities are shared among a large number of people and this compromises the overall luxury factor for each individual apartment. When investing in a luxury home, buyers should have exclusivity and discreet privacy in every sense.

Newly built luxury apartments in the city center

    1. Emerald Residence

Emerald Residence - új építésű luxus lakások a belvárosban

Source of the picture: Emerald Residence

This flamboyant building is located in the heart of Budapest, on Petőfi Sándor Street in the V. District, on the renewed Szervita Square, in the immediate vicinity of St. Anne’s Church.

The Emerald Residence is a complex built together with a unique boutique hotel, so the comfort of its residents is enhanced by services such as a 24-hour reception, breakfast from the hotel, cleaning, laundry, or valet parking.

On the ground floor and the first floor, retail spaces will also be created, which echoes the atmosphere of the nearby Váci Street and Fashion Street.

The investment is also special in terms of the location, the use of materials and the architectural solutions, and in addition, renowned domestic interior designers such as Zoltán Varró and interior designers Csilla Sáfrány were asked to design the interior spaces. Eszter Radnóczy and her office, este’r partners, are responsible for the interior design concept of the boutique hotel. During the design of the interiors, the designers strove to ensure that even those who like more restrained and extravagant styles find the ideal and livable home for them, and in addition, the individual style features typical of the designers echo in the apartments dreamed up by the designers.

The developments in the area also contribute to the quality of the building, during which Szervita tér is undergoing a complete renewal. In addition to the widened streets, a larger public space and a city park enriched with water surfaces will also be created, so cloudless relaxation outside the apartment is also guaranteed.

  1. Basilica Residences

Basilica Residences - új építésű luxus lakások a belvárosban

Source of the picture: Basilica Residences

The 12 newly built apartments of Basilica Residences were built at 14 Sas utca in the 5th district, at an arm’s length from the Basilica. with the reconstruction of its first floor and the addition of two additional floors.

The offer includes one-story, high-ceiling classic downtown apartments, youthful two-story properties, as well as two extravagant apartments with a roof terrace and an unmissable panorama. Most of the apartments also have a terrace, and from the large roof terrace of the two upper apartments, a wonderful panorama of the Basilica and the Citadel opens up to the lucky new residents.

  1. Paulay 39

Paulay 39 - Új építésű luxus lakások a belvárosban

Source of picture: Paulay 39

The P39 Project is located in the heart of Budapest, in the immediate vicinity of Andrássy út and the Hungarian State Opera House, where the luxury apartments were created by rebuilding the upper two floors of the apartment building.

In a unique way on the housing market, the residents can directly access the elevator designed for the apartments from the entrance of the building to the residential floor, where 4 two-story penthouse apartments await their new owners.

On the third floor, there is a large roof terrace, which can be used as a place for evening conversations and barbecue parties, or where the owners can enjoy the evening in the middle of the city center in a jacuzzi.

The apartments with floor heating are served by a modern air-water heat pump system, and the cooling of the ceiling creates a cool environment for relaxation even on hot days.

Fortunately, the storage of cars has also been solved, as an automatic garage with 17 spaces has been built on the basement level.

Summary

When choosing a luxury apartment for your own use or investment, you should not be influenced by the story told by the developer about his project, but by the real and verifiable parameters that define luxury in every sense. Although we have not yet seen the above investments in person, we believe that they will not disappoint.

Unfortunately, we did not find any new construction projects in the city center, but if not in these, then you will definitely find the right one among Kenway Property‘s completely individually renovated, used luxury apartments.

Are you thinking about buying a luxury apartment? Reach out to our colleagues with confidence and find the best property together.