Budapestlets.com feature on BBC radio five live

Budapestlets partner Gordon Cross described how he arrived in Budapest and identified a significant opportunity in the property market for renovating and refurbishing traditional buildings which could then be marketed as serviced apartment accommodation for the rapidly expanding tourist market. Together with his Hungarian partner he purchased and renovated a small number of period buildings before approaching a number of UK based contacts who quickly joined Gordon in investing in property having fallen for the charms of the great city. Since that early phase the business has grown and Budapestlets.com has a thriving web site and rapidly expanding portfolio of properties which it manages.

In a little over two years the company has developed a portfolio of 14 properties which are let on a short term basis and have recently opened an office with a target of developing a portfolio of up to 100 properties which they aim to manage and let on a long term basis. As Gordon commented “the key to a successful expatriate business in Budapest is to offer a high standard of service and make sure that you deliver. There are plenty of competitors but many do not offer anything of a suitable standard to meet the expectations of Western visitors or multi national corporations who are looking for and expecting higher standards of accommodation and service from their rental accommodation”

The company have recently opened an office in the ninth district of the city and expect 2007 to the breakthrough year for the business which is starting to reap the rewards for all of the hard work and effort that is necessary in making an overseas business opportunity a success.

Editors notes:

www.budapestlets.com, offers a number of superbly appointed apartments in central pest locations. All apartments are from the Hapsburg and later art deco period and have been fully renovated and refurbished to enrich the guest experience of this most vibrant and exciting city. Guests enjoy the space and freedom that serviced apartments afford with fully fitted bedrooms, private lounges, kitchens and bedrooms all modernised to exacting standards.

The aim is to offer clients a real taste of Budapest life at a fraction of the cost of hotel prices. Budapestlets offer the apartments on a short or long term rental basis for holiday makers, city breakers, university students and corporates looking for longer contract periods.

All are fully serviced with guests able to savour apartment living in the heart of the city and on the door step of the bustling café bars and restaurants which line the tree shaded squares, avenues and courtyards. All essentials are allocated, providing guests with peace of mind and the freedom to explore the city’s long history and many charms.

Bookings can be made via telephone and e mail, but very easily through an on line booking system. There is a minimum stay period of only 2 nights and sharing the accommodation can prove to be the most effective way to share the costs.

Budapestlets.com can be contacted through the web site: www.budapestlets.com, by telephone: office manager Betty: 0036305882876 or by e mail: Bernadette@budapestlets.com.