Property Market in Hungary 2011 - Apartments Inspired by New Management & Rent Aspect

BUDAPEST MANAGEMENT

♦ Principal

			REASONS TO CHANGE IN PROPERTY MANAGEMENT


			ANOMALIES IN PROPERTY MANAGEMENT	- Lack of Control in Rent payment - Delay in rent payment expected
				- Low level of Communication with Home Owners
				- Difficulties in managing non-payments due to lack of communication
				- Significant outstanding management fees, service charges
				- We have to put great efforts in organising payments with Home Owners
				Time Consuming & Less Efficiency in Services

			UNFAVOURABLE MARKET ENVIRONMENT	- Overvalued investments make less profit and financial loss for years
				- Miscommunication-Mismanagement-Rip-offs: Legal issues
				- Considerably low capital growth & restricted rental potentials (Oversupply of Apartments)
				- Continously maintain snags/defects in both new build and classic apartment
				Hard Time in Budapest

			CHANGE STRATEGY AT BPARTNER	- BPartner has been changing since established in 2005
				- Improving core business (property management) has competitive edge for Clients
				- Professional property management has added value to property investment
				- The new model is based on experiences and best practices we have developed
				- Recent market changes challenge BPartner lead position
				To Know Inside Out