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Budapest - Mixture of Old and Modern World, Grand Architecture
Pest is the eastern, flatter part of Budapest, and the beating heart of our capital. Within its borders reside the Hungarian Parliament, Opera house, the Heroes’ Square, the City Park, the Liszt Ferenc Conservatoire, and lots of other famous square, avenues and parks.
District V. might be the smallest of the 23 districts of Budapest, but it is considered the heart of the Hungarian capital. The Hungarian Parliament on Kossuth Lajos Square is one of the most impressive buildings in the world, a true gem of the country. The district gives home to St. Stephen's Basilica and the famous shopping street, Váci street. Among the 5-star hotels, business centres and enchanting buildings, the local and foreigner society of Budapest meets here. Properties have the highest per square meter prices in Budapest and it is projected to continue to rise in the next few years. Regardless of size, buying a property here is an excellent investment opportunity!
The luxury real estates in district VI. are mostly found along the famous Andrássy Avenue, dotted with magnificent neo-renaissance palaces and elegant villas that were built in the 19th century and the early 1900s, and are part of the World Heritage Sites. The avenue was built with Champs-Élysées in mind, and the world’s most famous clothing and fashion brands have set up shop here. There are plenty of embassies located in this district near Heroes’ Square, thanks to which it earned its nickname of “Diplomats’ Quarter”.
It is one of the most important part of the capital when it comes to culture, since not only the Opera and the Operett, but many theatres, and also the famous Liszt Ferenc Music Academy are situated right beside the Andrássy Avenue.
District VII. is among the smallest districts of Budapest. This inner part of the city was the historic Jewish quarter, nowadays the area is famous for its cultural atmosphere, varied tourist attractions, and its vivid urban night life venues. Property investors can find buy-to-let types of investments here, as well as prestigious luxury apartments in the central parts along Király utca and near Deák square.
The synagogue (which is in the top 10 most beautiful synagogues in the world) and the famous New York Café (which now houses the five-star hotel Boscolo) also are in this district.
District XIII. is one of the biggest districts of the capital and – out of its 4 main parts – Újlipótváros is the most prestigious neighborhood. It is highly popular with real estate investors looking for a solid investment due to its mostly Bauhaus-style architecture. It is home to many cultural institutes, squares, parks, and monuments. The famous Margaret Island is known as part of the district, which is providing the people of the whole city with different kinds of sport facilities and leisure options.
Currently there are many ongoing and newly built projects, and due to interest shown by younger couples and newlyweds when it comes to family homes, investment opportunities are abundant.
Situated on the Pest side, it is known to be the third biggest district of the capital. It has many sport and cultural monuments and facilities. Even though it is close to the city centre, green parks are very common. Városliget, which is one of Budapest’s biggest park can be found in this district called Zugló, and is now undergoing a major reconstruction and development project.
Its real estate values are closing in on the more prestigious district, so it is considered a wise investment option.
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