With its turbulent past and rich and varied heritage, the “pearl of the Danube” is a shining light. From the little paved streets lined by baroque residences, from Buda to the wide Haussmann avenues of Pest and from the thermal sources to the ruin bars, Budapest has revived the charms of the Belle Epoque. A relatively mild climate, a safe environment and attractive tax conditions make the city a popular destination for tourists and expats alike, who flock here for the quality of life.
The real estate market
Prices have been steadily increasing for a number of years. After almost doubling between 2014 and 2018, they have risen by almost 50% over the last five years in the city centre. Average prices currently stand at €4,000 per square metre, with the most popular districts being the 1st, 2nd, 5th, 6th, 7th and 12th.
Our advice
On the left bank, in Pest, the 5th and 6th districts including Andrássy Avenue (inscribed on the UNESCO world heritage list) are home to fully furnished and functional apartments and houses. The more residential and family-friendly Buda has superb family houses and magnificent apartments.
Inside tip
For an investment (high rental return and capital growth), we highly recommend the 5th, 6th and 7th districts in the centre of Budapest. - Zoltan Hamza, Director BARNES Hungary
Art of living
A true paradise for tourists in search of the ideal city break, Budapest has an incredible cultural and architectural scene and some of the finest restaurants and cafés.
Culture
Fisherman's Bastion
@Fisher_Bastion_in_Buda_Castle
Seven towers, 140m (450ft) in length, a spectacular view of Pest on the other side of the river and the Hungarian parliament. That’s the viewpoint that awaits on the Buda hillside for a moment out of time.
Szentháromság tér, district 1, Buda
Budapest National Opera
Reopened in March after more than 4 years of renovation, this is the place to come to be blown away by the musical and ballet performances - from 27 November Tchaikovsky’s legendary Nutcracker is the headline act.
Budapest, Andrássy út 22, 1061 Hungary
The House of Music Hungary
This new temple to music in the land of Béla Bartók and Franz Liszt is an architectural marvel by Japanese architect Sou Fujimoto the roof of which is shaped like a sound wave and punctured with holes and glass walls creating an astonishing musical forest.
1146 Budapest, Olof Palme stny. 3-5
Outings and Shopping
Gellért Thermal Baths
@Thermes Gellert
The decoration at Budapest’s most famous baths (built in 1918) will take your breath away - Art Nouveau windows and turquoise tiles. A true delight.
Budapest, Kelenhegyi út 4, 1118 Hungary
Omorovicza Boutique & Spa
@Facebook_Omorovicza
This incredible institution is located on the capital’s most beautiful avenue and offers luxurious skincare treatments using concoctions sold on the premises.
Budapest, Andrássy út 45, 1061 Hungary
Budapest’s covered market
The place to come for fruit and vegetables as well as souvenirs, or just to admire the vast covered hall by Gustave Eiffel.
The hottest reservations in town
New York Café
@New-york_cafe_budapest
For the true Budapest experience, take a seat at a table under the finery and chandeliers of this historic neo-Baroque restaurant, just like Sandor Marai once upon a time. On the menu here are famous Hungarian desserts like Dobos torte, Sacher cake and Eszterházy torta.
1073 Budapest Erzsébet krt. 9-11
The Duchess
@Facebook_The Duchess
The city’s most elegant rooftop bar serving up delicious home-made cocktails accompanied by breathtaking views of Elisabeth Bridge, the Danube and Gellért Hill.
Váci Street 36. 1056 Budapest, Hungary
Rumour
Crowned with a Michelin star in November, this theatrical restaurant with its red seats offers a cosy concept where diners take part in an almost artistic taste experience created by Hungarian chef Jenő Rácz. Mind blowing.
1052 Budapest, Petőfi tér 3-5.
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