Xpat Opinion: Plans To Revitalize Budapest's Riverbanks Will Drive Property Prices Up

  • 19 Apr 2013 9:01 AM
Xpat Opinion: Plans To Revitalize Budapest's Riverbanks Will Drive Property Prices Up
The majestic Danube River divides Buda and Pest, creating a unique atmosphere in the city with its amazing views, cool breeze, distinct sounds, and gentle flow. However access to the water and the integration of the ports to city transport could be much better; and the river would certainly come to life even more without the annoying heavy traffic along the riverbanks on both sides in the central districts. The municipality has recently approved a revitalization plan which includes building a promenade and bicycle route and removing the parking spaces from the river bank on the Pest side.

Examples being Paris, Lyon, Bratislava, and Belgrade. There are plans to create vast recreational parks in the currently unused green areas along the river to the north and south, in an effort to relieve the pressure of Margaret Island in the center.

Actual works are expected to begin in 2014 and will certainly drive riverside property prices up significantly.

By Andras Patkai, Entrepreneur, Founder and CEO of CE Invest Group, and expert blogger on real estate and property issues in Budapest and Bratislava.

This opinion does not necessarily represent the views of this portal, your opinion is welcome too via info@xpatloop.com

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