District V is Budapest’s Most Traditionally High-End Neighborhood; Laura House; Mansion Global

Hungary – Budapest, including the Banks of the Danube, the Buda Castle Quarter and Andrássy Avenue

The bustling area attracts international investors and diplomats

A classic beauty draped along the ancient Danube River, Budapest is a vibrant capital city and one of Europe’s most populous. It’s a global center of art, architecture, fashion, politics and commerce that attracts an international crowd. The city is marked by 23 districts, with District V at the business, political and historical center of Budapest.

“District V makes up the heart of Budapest, the political, financial, commercial and tourist center of Hungary,” said Kornélia Pásztor of Engel & Völkers Budapest. “The name of the district is Belváros-Lipótváros (Inner City-Leopold Town), referring to the two historical neighborhoods located in the district. Leopold Town was established in the early 19th century, and became the political and financial center of Hungary in the early 20th century when theHungarian Parliament was built.”

“The District V neighborhood is a totally different market than the rest of the city,” said Daniel Toth, co-founder of Matthew & Daniel’s Realty Budapest. “There is a limited number of homes, and there are no empty plots available where you can build new buildings.”

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