Foreclosed and Distressed Investment Properties in Pécs, Hungary
Pécs is a historic city located in southwestern Hungary, near the Croatian border, that attracts foreign investors from countries that include Germany, Austria, and other EU countries.
Large numbers of international students attend the University of Pécs, the fifth-largest city in Hungary, which also acts as an focus for commercial activity in Hungary, supporting the rental market. Investors can find opportunities in both student housing and luxury residential properties catering to business professionals and academics.
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
