List of capitalʼs desirable addresses shows shift from Buda to Pest
Buda and District II are becoming less popular, while downtown Pest and District V are gaining in desirability, according to the results of a survey of the most expensive residential properties in Budapest by real estate portal ingatlan.com, as reported by online news site index.hu.
According to ingatlan.com, while between 2006 and 2014 the most expensive properties were typically advertised in District II on the Buda side of the capital, the last couple of years have seen luxury homes in downtown Pest surpass even Rózsadombʼs fancy villas in terms of price.
The survey names what are now considered Pestʼs most expensive addresses in terms of residential property, among them Vörösmarty tér, Apáczai Csere János utca, Kossuth Lajos utca and Galamb utca.
The list also includes Remetehegyi út in District III in Buda, which runs parallel with Bécsi út on the hillside above St. Margit Hospital. Other addresses in Buda that remain highly desirable include Orom utca in District I and Józsefhegyi utca in District II. Beside the Danube on the Pest side, homes on streets such as Lechner Ödön fasor and Marina sétány are also attracting high prices.
The survey attributes the growing popularity of District V to a number of factors, among them the increasing value of residential properties closer to the center in recent years, as well as the growing role of the district as a focus of foreignersʼ real estate purchases for investment purposes.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Hungary, UAE Sign Defense Industry Agreement
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
