ADVERTISEMENT

Budapestʼs central districts still most desirable to live in, says survey

Sustainability

Photo by Dave Martin/Mountain Leon

As in 2016, Districts 1 and 5 of Budapest remain the most desirable to live in, according to the latest survey from real estate agency Otthon Centrum. Of major cities outside the capital, the survey finds that Eger, Veszprém and Tata lead the way. 

Budapestʼs Chain Bridge, seen from central District 5 in Pest, looking out across the Danube to Buda Castle in District 1.

Conducted for the third time this year, Otthon Centrumʼs survey took in Hungarian cities with more than 20,000 inhabitants, reviewing significant indicators from the point of view of quality of life, online news portal index.hu reported.

Besides the top two central districts of the capital, Districts 6, 7 and 9 in Pest, and Districts 2 and 12 in Buda, also performed well. Unsurprisingly, the outer districts of Budapest featured at the bottom of the rankings. Of satellite towns on the outskirts of the capital, Budaörs and Gödöllő were rated best. 

Heading the list of the most liveable provincial cities was Eger, where comparatively large numbers of people have chosen to move in recent years. At the same time, the survey found that big regional centers such as Debrecen, Szeged and Pécs featured only midway in the rankings, noting that residents of these towns need more time to commute to work. Most county towns also fell in the mid range.

The survey found that property prices in a number of smaller towns are low compared to the comparatively high standard of living, naming Dunaújváros, Gyöngyös and Tata as examples of desirable places to live with reasonable property prices.

In the outer districts of Budapest and satellite towns of the capital, at the same time, prices are much higher than in provincial towns with similar living standards, the survey found. The reason for this,  index.hu noted, is that those living in these areas have access not only to the facilities of the given district or town, but also to those of neighboring districts or the capital as a whole.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.