District 9
Ferencváros
| District 9 is a colorful creature, one of the most diverse districts of Budapest. It was once a working-class suburb and a very strong home of industry and commercial activities which left many interesting monuments of this type in the district for which the best example being the world famous Great Market Hall which is a site that no tourist can forget from their programs. |
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Young professionals suddenly discovered the inner parts early in the decade that kind of resulted in large development and rehabilitation projects. They flocked into this waterfront neighborhood and drove up property values, but prices still remain more reasonable than prices in the nearby financial district and the 6th district. Not by chance many multinational companies have their new office buildings here, eg. British Petrol, Vodafone, K&H Bank and so on. creating a great need for good quality accommodation for their numerous employees. |
The nearby Liberty Bridge, the great hall of Bálna (the Whale) and further down along the the Danube bank the new buildings of the National Theatre and the Palace of Arts make it definitely one of the most rapidly developing districts of Budapest.
| With the city’s largest Farmer’s Market and dozens of loft and condominium options nearby, this revitalized neighborhood is a favorite among young professionals and urban enthusiasts who can walk to almost anything they need for daily life. The district’s prettiest amenity is its waterfront, a nearly 2-miles stretch of waterfront river bank starting by the Market Hall and ending at the Rákóczi-bridge which leads to the popular, landscaped peninsula jutting into the 11th district. Locals call it Kopaszi-gát, and they go there to ride bike, sunbathe, eat an ice cream or fish and chips. |  |
From transportation point of view it is very convenient to live in as tram lines 2 and 4-6 are the most frequently runnin, carrying thousands of passengers a day and also underground line 3 serves the district.
Real estate prices accordingly vary a lot. They may go from as low as 3,000 EUR per sqm to much higher with the average being around 4,500 EUR. Some unique flats have been created here making use of the old industrial buildings and turning them into designer lofts with great heights and plenty of space in them. Rents are affordable, though the closer a flat is to the Danube, the higher is the price. Buildings are as diverse as the district itself.
There are still lots of residential buildings form the early 20th century, much less decorated than in the central districts but very similar in size and layout. Besides these buildings many new real estate projects have been and are being carried out here offering flats with high quality, modern design and all the facilities you might require for a comfortable city life.
Also Consider: District 5, 7 or 11 - New Buda
Courtesy of their closeness and the excellent and many commuting options of the city, one cannot go wrong with looking around in these neighboring districts. There can be some deviations in terms or general prices and rental fees, yet the distance from each other is not more than 15 minutes by public transportation and all of them is preferred by heaps of different folks.
