04 Feb '17, 5am

Real estate investment in Budapest, Hungary: Refreshing neighbourhoods amidst amazing architecture

Real estate investment in Budapest, Hungary: Refreshing neighbourhoods amidst amazing architecture

Budapest has been Hungary’s cultural, political and commercial heart since the towns of Obuda, Pest and Buda officially united in 1873. The city, which spans both banks of the Danube, is known as one of Europe ’s most beautiful, but it has its share of scars – it was destroyed by the Mongols in the 13th century, captured by the Turks in the 16th century, and nearly destroyed again by Soviet troops in 1945. Some 30,000 buildings were destroyed during World War II and in the 1956 Revolution, and the past still lurks on the peeling architectural details of historic buildings. However, since the end of the Cold War, the city has undergone yet another renaissance. In recent years previously neglected neighbourhoods, like the 7th district, have been transformed into edgy cultural hubs complete with galleries, cafes and performance spaces. More and more restaurants, shops and bou...

Full article: http://www.luxuo.com/properties/luxury-locations/real-est...

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