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Budapest Real Estate

Budapest is the capital of Hungary is mainstay of central Europe for culture, politics, commerce, and industry. There are approximately 1.7 million residents in Budapest, and the metro area includes approximately 3.3 million perons. Budapest is actually 2 cities in 1. The western side of the Danube River was originally known as Buda, and the eastern bank was the town of Pest. They became a singular city in 1873 to form Budapest as we know it today.

Budapest is capital city of Hungary and features some really interesting highlights that appeals to first time visitors such as the Buda Castle Quarter, Heroes’ Square, and other. Budapest features a wealth of geothermal springs that also appeals to persons with many believing that they have health benefits with their use. Budapest currently ranks as the #1 most livable Central & Eastern European city according to the EIU’s quality of life index. Over 20 million visitors come to Budapest a year to enjoy its tremendous beauty and culture.

Budapest is divided into a total of 23 districts. Buda has 6, Pest has 16, and there is Csepel Island which lies in between which is the last district. Many expatriates consider the Buda Hills to be the best place to buy a home in Budapest. Other popular property Budapest areas for Budapest real estate include most of the 5th district, and all of the 6th, 7th, 8th, 9th, and 13th districts of Pest and Andrassy út are quite stunning. Looking more closely the areas shape as follows: The 6th district has Andrassy Boulevard, Heroe’s Square, Oktogon, and Liszt Ferenc tér with many dining options such as restaurants, cafes and the like. The 7th district is the traditional Jewish Quarter which is located behind the Great Synagogue. Both the 8th and 9th districts are where the local colleges and universities are located with many college students wanting to rent flats along the blue metro line. And the 9th & 13 district of Budapest has seen a tremendous amount of development and new real estate projects begin with the past several years.

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