How to choose the perfect neighborhood for buying real estate in Budapest?

Overview of Budapest Districts

In this article, we continue to explore various districts of the capital of Hungary, Budapest. On the pages of our blog, you will find a wealth of information about opportunities for purchasing real estate both in the historical part of the city and in its outskirts.

The eastern bank of the Danube, where Pest is located, is characterized by its vibrant and dynamic atmosphere. This area is rich in important tourist attractions, offices of major Hungarian and international companies, as well as a variety of shops, restaurants, and nightclubs.

Budapest is divided into 17 districts, seven of which make up the central part of the city. In popular central areas like the fifth and sixth districts, there is a high level of interest from buyers all over the world. About 10% of all real estate transactions in these districts are carried out by foreigners. The seventh, ninth, and thirteenth districts are particularly attractive to foreign investors.

Statistics show that Budapest is a city where property ownership is preferred: in total8.9%Local residents are renting housing. This situation creates favorable conditions for real estate investments, especially in central areas that attract many tourists.

Price categories of real estate

The prices for real estate in different districts of Budapest range from minimum to maximum:

• Belvaros-Lipotvaros:1830, 2600, and 6000 euros;
• Terezvarosh:680, 1800, and 2570 euros;
• Erzsébetváros:600, 1430, and 1880 euros;
• Yozefvarosh:730, 1100, and 3120 euros;
• Ferencváros:600, 1530, and 2050 euros;
• District 13:1000, 1540, and 2150 euros;
• Zuglo:700, 1200, and 1630 euros.

The Belvaros-Lipotvaros district

The Belváros-Lipótváros district is rightly considered the heart of Budapest. Despite its small area, it stands out as the very center and the most attractive place for living and investment. Here are the main attractions of the capital, such as the Parliament building, St. Stephen's Basilica, the Vigadó Concert Hall, and Kossuth Lajos Square.

Investing in housing in this area is becoming particularly profitable, as more90%The apartments offered on the Airbnb platform are located right here. St. Stephen's Basilica is among the top ten main symbols of Budapest, and the cost of housing in Belváros is the highest in the city. For example, one-bedroom apartments with views of the basilica and Freedom Square can cost up to350,000 euros.

Real estate in the fifth district is of high quality — here you can find many spacious apartments in renovated 19th-century buildings, as well as apartments with high ceilings, parquet floors, and original design elements. This area is perfect for young people, as it is home to educational institutions and entertainment centers.

The Terézváros district

Terézváros, in turn, has become a cultural center of Budapest and maintains a vibrant atmosphere. It is home to theaters, art galleries, and concert halls, making it appealing to both locals and tourists.

This area is perfect for those who appreciate cultural life and want to be at the center of events. Many interesting activities and exhibitions are held right here, which increases its appeal to investors.

Thus, the Terézváros district offers a unique combination of cultural diversity and amenities, creating excellent living and working conditions for residents and visitors of Budapest. There are great investment opportunities here, as this area continues to develop and attract international attention. Investing in real estate in Terézváros can be a successful choice for generating income and comfortable living.

Cultural institutions of Budapest

Budapest is home to many outstanding cultural organizations, including the Hungarian State Opera, the operetta theater, and the Franz Liszt Academy of Music. Nagymező Street, famous for its diverse entertainment options—from cabarets to vaudeville, including bars and restaurants—has a reputation that can rival Broadway in New York City.

Terezvarosh and its appeal

The largest opera house in the country is located in the Terézváros area, and the price of apartments in this area ranges from2850to450 thousand eurosHousing on Andrássy Avenue is especially highly valued, often compared to the Champs-Élysées in Paris due to its architectural splendor and aesthetic appeal. This avenue connects Heroes' Square and Deák Ferenc Square and has become part of the UNESCO World Heritage list. Here you can find:

• Stylish boutiques
• Fine dining restaurants
• Embassies of other countries

Real estate in Terezvaros

For those planning to purchase real estate in Terézváros, the best choice is the so-called "golden triangle," formed by the streets of Andrássy Avenue, Bajcsy-Zsilinszky Road, and Teréz Körút. Apartment prices in this area range from170to230 thousand eurosFor those seeking a more exclusive option, three-story mansions from the 19th century are available, with prices that can reach2.8 million euros.

Erzsébetváros: small but vibrant

Another interesting area is Erzsébetváros, known as the smallest but most densely populated in Budapest, covering an area of just2 km²The inner courtyards of this area, nicknamed the "Jewish Quarter," have been home to Orthodox Jews since the early 19th century.

In Erzsébetváros, there are many synagogues, among which the Great Synagogue stands out as the second largest in the world. At the turn of2000In recent years, the area has faced issues of poverty and decline, but there has been a significant improvement in infrastructure and services, which has radically changed the face of the district.

Nightlife and development of Erzsébetváros

In our time, Erzsébetváros has become the epicenter of nightlife, offering a variety of bars, restaurants, and clubs that attract both tourists and locals. Enterprising investors have spotted opportunities even in abandoned buildings, transforming them into unique "pubs in ruins" with creative designs, where the walls are decorated with graffiti and the furniture is sourced from second-hand shops. This has created a unique atmosphere that appeals to both young people and tourists.

The real estate market in Erzsébetváros

The prices for apartments in Erzsébetváros range from45to170 thousand eurosHowever, private houses are quite rare. Active construction of new housing continues near the main shopping street of the area — Kiraly Street, as well as in the entertainment zone of Gozsdu. There are two universities in the VII district, which creates a high demand for rental housing among students, increasing the economic attractiveness of this place for potential investors.

Józsefváros: the transformation of a district in the Hungarian capital

Until the 1980s, Józsefváros was seen as the poorest and most troubled area of Budapest.

General information

In Europe, there are only 27 such places, one of which is located in Ferencváros. In Budapest, in the 13th district, there is an interesting neighborhood called "Angel Land" — Angyalföld. This area stands out for its quiet atmosphere and tidy streets, making it a great place to live for many families with children.

Uylipotvarosh

The southern part of Angyalföld, also known as Újlipótváros, is in high demand. It features the most luxurious and highly valued apartments, from the windows of which you can see:

• stunning panoramas of the Danube
• beautiful views of St. Stephen's Park

The prices for apartments in this area range from170 to 250 thousand euros.

Amenities for living

Angyalföld provides its residents with all the necessary amenities for a comfortable life. This area is home to the largest shopping complexes in Budapest, such as Westend City Centre and Duna Plaza. The region is filled with cultural and entertainment venues for both children and adults, including:

• theaters
• art galleries
• six libraries
• four cinemas

In addition, several educational institutions, among the best in the country, are available for the educational needs of residents. Notable among them are:

• Daniel Berzhengiya Gymnasium
• László Németh Gymnasium

These educational institutions are renowned for their high quality of education.

Margaret Island

One of the best places for relaxation, both for locals and tourists, is Margaret Island. Its length is only2.5 kilometersand the width is only500 metersHowever, it is one of the most famous and picturesque recreational areas in Budapest. The island features:

• spa resort hotels
• restaurants
• extensive recreational areas with parks
• open pools
• fountains and a Japanese garden

Zuglo

The next area to consider is the XIV district - Zuglo, which is considered the most "green" district of Pest. It is home to the central city park Varosliget and the largest thermal complex in Budapest - Szechenyi. This establishment includes:

• 7 pools
• 11 thermal baths known for their healing waters

Szechenyi is called the largest bathing complex not only in Budapest but also in all of Europe.

Entertainment in Varosliget

In Varosliget, you can also find plenty of entertainment for all ages:

• city zoo
• botanical garden
• amusement park
• circus
• the historical fortress of Vajdahunyad, located by a picturesque lake

Heroes' Square

Another attractive place in this area is Heroes Square, where many celebrations and events take place. Zuglo has quickly gained popularity among foreign citizens, especially young families, due to its cleanliness, safety, and convenient transportation infrastructure.

Here are located:

• two railway stations
• two metro lines

This makes getting around the city extremely convenient.

Affordable housing in Zuglo

In Zuglo, you can find affordable and quality housing, making this area an excellent choice for living. The combination of green parks, modern amenities, and well-developed infrastructure creates ideal conditions for a peaceful life and relaxation in Budapest.

Conclusion

In conclusion of my story about the districts of Budapest, I would like to emphasize that buying real estate in the Hungarian capital is not just a financial investment, but also an opportunity to become part of an amazing culture, rich history, and vibrant urban life.

Budapest is divided into various districts, each with its own characteristics and advantages. The city center is the heart where life buzzes, and you can find numerous rental opportunities. Districts such as V, VI, and VII have become real magnets for foreign investors looking for liquid real estate in popular tourist locations.

The appeal of Budapest

Budapest not only attracts with its architectural beauty and cultural diversity, but also offers many factors for profitable investment. High rental yields and stable housing price growth make it appealing for students and professionals. Special attention should be paid to the southern and western districts, which are also on the rise and could become lucrative investments.

Cultural opportunities

Moreover, it is worth considering that buying real estate in Budapest opens the door to numerous cultural events, culinary delights, and a vibrant nightlife. Thus, regardless of your personal preferences and goals, Budapest offers a wealth of opportunities.

Key points

• Investing in real estateIn Budapest, it's profitable due to the high demand for rentals.
• Districts V, VI, and VII are the most popular among foreign buyers.
• Cultural diversityThe vibrant life makes the capital an attractive place to live.
• Different areas have their unique characteristics and potential for future growth.

I hope this review helps you in choosing a neighborhood that will become your home or a source of income in the future. Budapest is waiting for you!