Which areas of Budapest are attractive to real estate investors?

Completing the overview of Budapest's neighborhoods

To conclude our review of the different districts of the Hungarian capital, here are the latest articles on real estate choices, whether in the Buda area or in the heart of Pest. It is noteworthy that foreign investors often ignore the outskirts of Pest, although this has its advantages.

The atmosphere in the periphery is more peaceful and calm, and Budapest's well-developed public transportation system makes it possible to reach the central districts in just 20-30 minutes. Housing prices in these areas are significantly lower than in the center, which opens up rental opportunities and generates a stable income in foreign currency.

Prices for residential real estate

When researching different neighborhoods in Budapest, it is worth considering a few examples with starting, average and top home prices:

• Ujpest: from 450,900 to 1,340 (maximum price not specified);
• Kyobanya: 525,890 to 1,200 (maximum price not specified);
• Rakosmente: 530,800 to 1,270 (maximum price not specified);
• Pescentsentlerinz-Pescentsentimre: 500,815 to 1,350 (maximum price not specified);
• Kishpesht: 620,925 to 1,280 (maximum price not specified);
• Peschterjebet: 480,740 to 1,120 (maximum price not specified);
• Chapel: 440,770 to 1,185 (maximum price not specified);
• Shorokshar: 420,680 to 970 (maximum price not specified).

Special features of the Ujpest region

Now more about some of the mentioned neighborhoods. Ujpest is a typical residential sector. Its name means “new Pest” in Hungarian. This neighborhood is considered to be one of the most modern in Budapest and only became part of the capital in 1950. Here you can see multi-storey panel buildings, and the newest residential complexes are usually no more than three or four stories high.

Experts say that Ujpest is one of the most promising neighborhoods in Budapest.The number of foreign investments is increasing every yearThe prices of real estate here are very affordable: houses can be purchased from 130 to 170 thousand euros, and one-bedroom apartments cost between 90-130 thousand euros. Prices for real estate here are very affordable: houses can be purchased from 130 to 170 thousand euros, and two-bedroom apartments cost between 90-130 thousand euros.

Active recreation in District IV

In the IV district of Budapest there are many places for active recreation. You can visit various exhibitions and concerts in the cultural center, go ice skating in the ice palace or have fun in the water park. In addition, there are several shopping centers here.

It is also worth noting that Ujpest boasts the largest wellness center in the country - the Ujpest Wellness Center.Oxygen Wellness CenterIn the summertime, locals and tourists often picnic and fish on the shores of the picturesque Nepsiget Peninsula. In summertime, locals and tourists often picnic and fish on the shores of the picturesque Nepsiget peninsula.

Popularity of the district of Ciobanha

Kőbánya is one of the largest districts in Budapest and has excellent transport connections to the center: only 15 minutes by metro. The neighborhood is known for its picturesque parks and various opportunities for outdoor activities by the water.

There are places to dive and create unforgettable moments with family or friends.

History of Kyobanyi

Kőbánya is a name derived from a Hungarian word that translates to “quarry”. The term indicates the long history of limestone and clay mining in the area, which were used to produce bricks used in the construction of buildings both in Budapest and in other regions of Hungary. Nowadays, some of the old quarries have filled with water, making them popular with diving enthusiasts, especially cave diving, which attracts professionals and beginners from all over the world.

Green spaces and planetarium

In Kőbánya you can find the Budapest Planetarium, located in Nepliget Park, which is considered the largest green space in the Pest area. Here, the total area of parks exceeds 250 hectares. The largest city park, Nepliget Park, covers 112 hectares and offers its visitors not only manicured meadows and quiet groves, but also sculpture groups and the planetarium itself. In addition, the park is home to the Sportliget, which features an indoor swimming pool and a deep lake popular with fishing enthusiasts.

Real estate in Kőbánya

As far as real estate is concerned, apartment prices in Kőbánye start from35 thousand euros. If you are interested in buying a house with a pool and conservatory in a quiet neighborhood, you will need to pay from .175 to 220 thousand euros.

District XV Overview

Now let us turn our attention to the 15th district, which evokes nostalgia for times gone by. In the first half of the 20th century, employees of the Austro-Hungarian railroad company lived here. Despite the fact that half a century later the external changes have been minimal, District 15, consisting of three neighborhoods - Rakošplata, Peštujhely and Ujplata - looks like a sleepy suburb.

In older neighborhoods such as Rakošplata and Pestuiheli, you can find many 19th and 20th century buildings, most of which are located along Föö, Juhoš and Attila Streets. Housing prices in the 15th district start from approx.90 thousand eurosAlthough many properties require serious renovation. For example, a two-storey house with a garage and a small garden in Rakosplat can be bought for130-180 thousand euros.

Ujplata microdistrict

Ujplata, on the other hand, is a fairly new and large neighborhood, occupying the second largest area in Budapest, built up with high-rise panel houses. Apartments are available here with an area of60-70 м²The cost of which ranges from40 to 55 thousand dollars.

District XVI Security

The XVI district is famous for its high level of security among other areas of Pest. The largest lake in Budapest, Náplas, is located here. This lake and the surrounding areas150 hectaresconstitute a protected nature conservation area where nature lovers can observe rare species of flora and fauna and, with special permission, go fishing.

Infrastructure development of the XVI district

Since 2006, District XVI has embarked on a major infrastructure modernization project at a total cost of over7 million euros.

Attractions of the XVII district of Pest

For many people, the XVII district of Pest becomes a real discovery due to its high reputation as a safe and comfortable place to live and buyreal estate. Foreigners gladly choose picturesque and peaceful locations such as the Shachalam neighborhood.

Housing prices

The price range for housing here is quite varied:

• The house can be purchased at a price from220 to 260 thousand euros.
• Modern apartments in new residential complexes start from48 thousand euros.
• Cozy two-story cottages can cost from130 thousand euros.

Information about the Rakoszmente neighborhood

The Rakoszmente neighborhood, which occupies a large part of the urban area and has approx.80,000 residentsis one of the largest in Budapest with an area of 1,000 square meters.55 square kilometers.

The local park at Lake Feneketlen is one of the most sought-after recreational spots for residents to enjoy the natural beauty and fresh air.

Opened in Rakoszment, the Kaland Children's Entertainment Center offers a variety of festivals and activities for children of different ages, including theatrical performances and quests.

District infrastructure

The infrastructure of the neighborhood is actively developing - there is everything necessary for a comfortable existence:

• Schools
• Kindergartens
• Stores
• Restaurants
• Gyms

Although the territory of Pest is mostly flat, in the XVII district there are hills with heights up to240 metersabove sea level, which is significantly higher than the height of the famous Gellert Hill.

Real estate in the XVII district

This neighborhood offers some of the most prestigious properties in Budapest, including villas and houses with magnificent panoramic views. Their prices start from220 thousand eurosand studio apartments are available from45 thousand euros.

Cottages with area from100 to 150 square meterscan be purchased from90 thousand euros.

Features of the eighteenth district

As for the XVIII district of Budapest, it includes two neighborhoods: Pestszentlőrinc and Pestszentimre. In the early 19th century, these neighborhoods were independent and quite populous towns. Today, the population of the XVIII district is about100 thousand peopleMost of the residents are concentrated in Pestcentlorin.

This area is home to Ferenc Liszt International Airport, as well as several industrial facilities and meteorological stations.

Real estate in the 18th district

In the 18th district, private houses with garden plots prevail, while only about15% of the populationThe prices of houses here range from70 to 130 thousand euros...and apartments can be purchased for an average of...45-60 thousand euros.

Life in the 19th District of Kishpesh

The 19th district, known as Kispest, is located on the southeastern outskirts of the capital, just five kilometers from the center and Ferenc Liszt International Airport. This district became part of Budapest only inin 1950Although it used to be an ordinary village.

Kispest attracts numerous families with children thanks to its green spaces and cozy parks, where they can actively spend time outdoors. It provides all the conditions for comfortable living and family recreation, making it an appealing place to live. Locals appreciate this location as it combines proximity to nature with access to essential urban infrastructure.

Kishpest: A Quiet Residential Area

Today, Kispest is a calm and peaceful residential area that may not stir the interest of tourists. Here, you can find a few cozy shops, shopping centers, and large cinemas.

The attractive and quiet streets of Chișinău particularly catch the eye, especially the picturesque neighborhood of Văcărești. This small settlement, resonant with a rural style, is located in the heart of Chișinău and was founded in the early twentieth century. It was designed as an ideal garden city, equipped with all the necessary infrastructure facilities, such as:

• schools
• police stations
• post offices
• temples

The Current State of Vekerletelapa

As of today, Vekerletelep is a cozy neighborhood characterized by two to three-story houses surrounded by greenery, alleys, and parks. Buying a private house with an area of 230 square meters in Kispest will cost approximately260 thousand euros.

Two-bedroom apartments in this area are available from50 thousand euros...while for houses with an area of about 300-350 square meters, prices range from...90 to 130 thousand euros.

Peshterzhebet: The Healthy Lifestyle District

Pesterzsebet, located on the banks of the Danube in the southern part of Budapest, also attracts those who value a healthy lifestyle. It is the seventeenth district of the capital by population, with around65 thousand people.

In Pešteržebete, there are not enough historical monuments: many ancient buildings have been lost. Nevertheless, the demand for real estate in this area significantly exceeds the supply, as new quality housing is being built in insufficient quantities.

As a result, in 2014, property prices in Pesthidegkút more than doubled, making this area the most expensive in Budapest.

Unique Features of Pesthérzsébet

Special attention is given here to the unique hot spring, and the local authorities care about the health of their residents. Numerous sports clubs are actively operating here, offering a variety of activities for residents — from karate and archery to rowing and football sections.

There are also:

• pools
• tennis courts

The ice palace, opened in 2006, hosts international sporting events. Moreover, the iodine-bromine springs in this area are the only ones in the city itself. The average cost of apartments in Peshtrezhebet ranges from35 thousand euroswhile homes can be purchased for60,000 to 90,000 euros.

Csepel: A Promising District of Budapest

Chepel, located in the north of the island of the same name on the Danube River, has good prospects. This area of Budapest, which can be quickly reached by electric train, car, or bus via the Petőfi Bridge, is actively developing.

Various sports events are held here, both at the international and local levels.

Amateur tournaments are regularly organized in Rakoczi Park for:

• basketball
• streetball

There are also kayaking and canoeing clubs, as well as volleyball sections. Currently, a modern skate park is being built here, which attracts young people.

There is also a complex with thermal springs and pools in the area, which will not only serve as a recreational zone but also as a center for maintaining the health of the residents of Chepel.

Conclusion

In summarizing the article about various districts of Budapest, it is impossible not to note that this city offers a unique opportunity for foreign investors. Although many choose central areas for real estate purchases, peripheral locations such as Újpest and Kőbánya can provide equally interesting prospects.

The developed public transportation system allows for easy access to the city center in just 20-30 minutes, making such areas attractive to people looking for a peaceful place to live.

Advantages of real estate on the outskirts

• AccessibilityReal estate on the outskirts is significantly cheaper than in the city center.
• Rental opportunityIt opens doors not only for living but also for running a profitable business through rental opportunities.
• InfrastructureDynamic development of infrastructure and growth of investments in new projects.

In Újpest, new residential complexes and hotels are actively being developed, promising returns on investment with profitability that one can only dream of in the city center. Kőbánya offers a variety of green spaces and unique opportunities for active recreation: from park diving to participating in cultural events.

Real estate prices

According to a real estate price study, even with a limited budget, it is possible to find suitable options here. For investors and families looking for comfortable housing with access to all the benefits of urban life, the outskirts of Budapest are becoming an increasingly attractive choice.

The rising price dynamics and the development of new infrastructure projects only strengthen this trend. Thus, Budapest, with its rich historical heritage and modern achievements, continues to be a magnet for residents and investors, offering its inhabitants a unique blend of tranquility and urban life.