It is the last part of Tranio's guide to the districts of the Hungarian capital. Read our articles on where to buy property:
Foreign citizens rarely buy property on the outskirts of Pest, while the investments in this kind of property can be profitable for a number of reasons. The outskirts are quieter and, by virtue of the city's
Property prices in peripheral Pest districts, 2016, EUR per sq m Source: ingatlannet.hu
IV. Újpest: a peaceful district for a peaceful life
Újpest is a typical bedroom community. Its name means "New Pest" in Hungarian. Indeed, it is among the most recently built districts of Budapest, unified with the capital as late as 1950. In the local real estate development panel,
According to the experts, Újpest is one of the districts with the most potential in Budapest: in recent years, major foreign investors have been putting capital into it, and new
The price range for homes starts at €130,000–170,000, and
X. Kőbánya: parks and urban diving
Kőbánya is one of the largest districts in Budapest. It takes only 15 minutes by metro to go there from the city centre. The name of the district means "quarry" in Hungarian and was given to the area because limestone and clay have been extracted there for centuries to make bricks used for building houses in Budapest and all over Hungary. Some mines in the quarry have been
Kőbánya ranks first in Pest in terms of green space. The total area of parks in Kőbánya is over 250 hectares. In District X is one of the city’s largest parks, the
The prices for
District XV: a nostalgia for the past century
In the first half of the past century the employees of the
A lot of nineteenth and
District XVI: the safest in Pest
District XVI is home to Lake Naplás
In 2006, a project for infrastructure development (whose total value exceeds €7M) got started in the district, and a new swimming pool, theatre, tennis court and a park have been opened there.
District XVI has no name and is comprised of 12 neighbourhoods. It is considered the one of the safest and most livable peripheral districts of Pest. Foreign citizens often choose the quiet and picturesque neighbourhood of Sashalom for residence. Detached houses with a garden sell for €220,000−260,000. Modern apartments with pools in new residential complexes cost about €200,000, and prices for homes start at €550,000.
XVII. Rákosmente: hills like in Buda
Rákosmente is the largest district in the city: its area is almost 55 sq km, and the population is about 80,000. The most popular recreation area among the locals is the park near Lake Feneketlen
Although Pest is located chiefly on plains, District XVII has hills of up to 240 metres above sea level, which is higher than the famous Gellért Hill. The most exclusive property for sale in Budapest are for sale in Rákosmente: villas with magnificent city views sell for €220,000, prices for flats start at €45,000 and detached houses of
Pestszentlőrinc-Pestszentimre: single-family homes and the airport
District XVIII of Budapest is comprised of two neighbourhoods, Pestszentlőrinc and Pestszentimre: at the beginning of the nineteenth century, these were two independent and densely populated cities, but today the population of the whole District XVIII is about 100,000, and 80% of it is concentrated in Pestszentlőrinc. The national meteorological office (Országos Meteorologia Szolgálat) and several plants and factories are in the Pestszentlőrinc Ferenc Liszt International Airport (Liszt Ferenc Nemzetközi Repülőtér).
The major part of residential properties in
XIX. Kispest: a green oasis for families with children
District XIX, or Kispest, is situated in the southeastern part of Budapest, 5 km away from the city centre and Ferenc Liszt International Airport. Kispest became part of Budapest as late as 1950, and before that it was a small, humble village. However, today it is a quiet residential community with almost no tourists around. In Kispest there are several small shops, malls and big cinemas.
The most picturesque and attractive part of Kispest holds the name of Wekerletelep. This small
XX. Pesterzsébet: for those who appreciate a healthy lifestyle
Pesterzsébet is located in the southern part of Budapest, on the Danube bank. It is the seventeenth biggest city district, with about 65,000 residents. There are almost no landmarks in District XX, as most ancient buildings in the centre were demolished.
In Pesterzsébet, the demand for property exceeds the supply because there is a lack of
The authorities of Pesterzsébet devote much attention to the health of the population. There are a lot of sports clubs for the locals to choose from (karate, archery, rowing, football and power walking), swimming pools and tennis courts. The ice palace, built in 2006, hosts international competitions. The only
XXI. Csepel: an island with a bright future
Budapest's District XXI occupies the northern part of the eponymous island on the Danube River. The district is accessible by either
Budapest is one of the candidates to host the 2024 Summer Olympics, and most Olympic facilities are to be constructed precisely in Csepel. For example, a new stadium to accommodate 60,000 spectators, a velodrome, BMX track, tennis complex and a canoe slalom course are going to open. Middle class members live in Budapest's District XXI. Homes in Csepel cost upwards of €90,000−130,000, and the prices for flats start at €45,000.
XXIII. Soroksár: affordable property on the outskirts
Soroksár is the most recently built and the most distant district from the centre of Budapest. Most of Soroksár is used as farmland or as storage space. For instance, an area of 100 hectares there is occupied by a logistic centre, owned by a railway company, and major Hungarian and international businesses plan on moving their storage units there.
The authorities of Soroksár hope to change the district and bring its development to the next level. For this purpose, public spaces, nurseries and schools have been opened there, and the local cultural centres host various recreational activities. In 2008, the district's sports infrastructure development plan was adopted, according to which new sports halls, swimming pools and stadiums are being constructed.
The most affordable property in the city is for sale in Budapest's District XXIII: the price for a home of 150−250 sq m starts at
- Families with children: Districts XV and XVI, Kőbánya (X), Rákosmente (XVII), Kispest (XIX) and Pesterzsébet (XX)
- Buyers with modest budgets: Districts XV and XVI,
Pestszentlőrinc-Pestszentimre(XVIII), Kispest (XIX), Pesterzsébet (XX) and Soroksár (XXIII)
- Investors who plan on renting out: Újpest (IV) and Csepel (XXI)
Julia Gushchina, Tranio.com