FirstHome is a brand name owned by FirstFund Real Estate Investment Fund to build and sell new and used homes. We offer our clients an exceptional financial guarantee and risk-free purchase since the fund’s total assets, free from encumbrances, exceeds HUF 5,000 million. Therefore FirstHome building projects are funded directly and not from credit. The operation of the fund is checked by the Hungarian Financial Supervisory Authority on a daily basis.
Why the financial stability of the investors is so important? Because today’s common practice is that often even the largest investors develop and sell properties through project companies. It holds risks for the home buyer because these project-based companies have usually little capital and often cease to exist after closing the project so the 3 years warranty period can become unenforceable. Unfortunately, many home buyers have had to face this.
FirstHome houses, however, are developed on a stable financial basis. Your contracting partner is FirstFund itself with its solid financial background. Three years from now you will still be able to find us. Buying a FirstHome property is a safe deal compared to many other housing alternatives.
FirstFund aims at earning a long-term good reputation in the real estate business with an ambition to become a key actor in the Budapest property market. This activity has been started with the Csinszka kert (Csinszka Garden) housing project, to be followed by the development of other modern residence communities in the future.
