Investing in Property - Budapest
The 19th
century was the age of major changes and witnessed the birth of a completely
new city almost from scratch. The hills of Buda and the city walls of Pest no
longer provided protection and limited space was a barrier to real development.
The core of the shaping metropolis thus moved down from the hill to the plains,
making Pest the centre again.
In
1873 Buda and Pest were officially merged with the third part, Óbuda (Ancient
Buda), thus creating the new metropolis of Budapest. The rapidly growing and
flourishing city received new public offices, avenues, channels, public
lighting, horse carriageways, a subway, green parks and bridges. By the turn of
the century it was a genuine rival to Vienna. Dynamic Pest grew into the
country's administrative, political, economic, trade and cultural hub. Budapest is a beautiful city and it will
experience the revival that Prague has enjoyed the last few years. A City of culture and therapeutic waters.
Steeped in history Budapest is a city of
1,886,000 inhabitants, that is 19% of the total population in Hungary. Budapest lies on an area of 525 sq. km -
two-thirds on the eastern, flat bank of the Danube in Pest, one-third on the
western, hilly bank of the Danube in Buda.
Divided into 23 districts (the Roman numerals in addresses refer to the
district). The highest point is János
Hill (527 m.).
Harlon Management Services Limited
Tel: +44 (0)20 - 8942 9558 Fax: +44 (0)20 - 8404 7003