Budapest: the most populous city in Hungary

Travel to Budapest: historical and economic overview

Budapest is the largest city in Hungary, attracting many tourists as well as investors interested in purchasing real estate. The city is the most densely populated in the country and covers an area of over 525 km², which is five times larger than the area of Paris. It is also located in the heart of Europe, providing easy access to the best ski and beach resorts on the continent.

Stable recovery of the real estate market

After the 2008 crisis, the real estate market in Budapest began a slow but steady recovery. The volume of apartment and house sales in the city increased by 20% in 2014, and the number of building permits issued quadrupled. Statistics show that foreigners interested in purchasing real estate in Hungary mainly prefer apartments or houses in Budapest, as 75% of them buy property specifically in the capital.

Historic neighborhoods and popular attractions

The city is divided into 23 districts, including two historical parts - Pest (in the east) and Buda, as well as Obuda (in the west). One of the most popular among tourists is District I, also known as the "Castle District," where the Buda Castle, the Royal Palace, the National Gallery, the Fisherman's Bastion, and other cultural attractions are located. Limited traffic makes this area particularly appealing to tourists.

Use personal cars

Only local residents and guests of the Hilton Hotel are allowed; tourist car access to this area is strictly prohibited. Architectural heritage restrictions limit property owners' ability to carry out repairs and renovations on residential buildings.

I district

Residential buildings enjoy historic landmark status. There are public transportation and cabs for the comfortable transportation of tourists.

Real estate prices

The prices are extremely high, homes are practically not for sale, and the cost of renovated apartments in old buildings is also quite low. One of the properties can be purchased for as little as 130,000 euros. In any case, there are a large number of rental offers available on the market.

District II

Most of the embassies and international schools are located here.

Budapest: Hungary's most populous city

Budapest is the most populous city in Hungary, accounting for 17% of the country's population. The city covers an area of over 525 km², which is five times larger than Paris, and is located in the very heart of Europe. Budapest is also close to the best ski and beach resorts on the continent.The real estate market in BudapestHit rock bottom after the 2008 crisis in 2013, but by 2014, sales volume had increased by 20%, starting to recover. The number of building permits issued quadrupled from 2014 to 2015.Budapestis divided into 23 districts, with the historic parts of Pest, Buda and Obuda.

The fortress district (District I)

Buda Castle, the Royal Palace, Fisherman's Bastion, and the thermal baths are the main attractions of this area.

Country life in the city center (District II)

The II district is a haven for affluent foreigners, rich in greenery, with a well-developed infrastructure and relatively affordable real estate.

Parade of Ages (District III)

The III district is the oldest district of Budapest, featuring a mix of architectural styles and an abundance of attractions.

Overall, Budapest is an incredibly interesting city that attracts with its living opportunities, accessibility of entertainment, cultural heritage, and a variety of real estate suitable for living. The developing real estate market makes Budapest an attractive city for property investment, so by purchasing a home here, you will not only gain a comfortable place to live and relax but also a good investment opportunity. Thus, acquiring real estate in Budapest is an interesting and profitable decision.