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Residents of Budapest's sixth district have narrowly voted to ban short-term rentals from 2026 in a decision which could have wider ramifications for the housing market in one of Europe's most ...
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A Budapest district is holding a two-week referendum on a possible ban on short-term rentals, which would be the first of its kind in one of Europe's most popular tourist destinations. Eurostat ...
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Here’s why some experts believe in the long-term approach over short-term rental platforms. For the full picture, find out some reasons Airbnbs can be better than long-term rentals .
Andrássy Avenue (Hungarian: Andrássy út, pronounced [ˈɒndraːʃi ˈuːt]) is a boulevard in Budapest, Hungary, dating back to 1872. It links Erzsébet Square with the Városliget . Lined with spectacular Neo-renaissance mansions and townhouses featuring fine facades and interiors, it was recognised as a World Heritage Site in 2002.
The site was once occupied by Nákó House, a neo-classical palace built in 1827. In 1880, the London-based Gresham Life Assurance Company bought the property, at a time when it was illegal for insurance companies in Great Britain to invest money in stocks, but rental income was an acceptable and legal investment.
As of 2014 the Budapest metropolitan area, with its 7,626 km 2 (2,944 sq mi), extends significantly beyond Budapest's administrative region (encompasses 193 settlements around the city), a region also commonly referred to as Central Hungary. [5]