Elizabeth House 2

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The Elizabeth house 2 development consists of forty-five apartments in a new seven-storey building in Budapest’s 7th district. Apartment sizes vary between 35m2 to 72m2 and most come with a balcony. Secure underground parking is also available for residents. The car park is accessible from the apartments by elevator.

The Location

The 7th district, or Erzsébetváros (Elizabeth Town) to give it its full name is, after the 5th, the second smallest of Pest’s inner districts.

The district takes its name from Erzsébet Korut, the stretch of the inner city ring road (the nagykorut) that bisects it. To the west the district runs into the 5th at Deak Square, the hub of Budapest’s transport system, and to the east, the mainly residential and commercial 14th district. To the north it is bordered by the 6th district and to the south, the 8th.

Inside the inner ring road section the district is famous as the historical Jewish centre of Budapest and there are several synagogues to be found there. The most striking is the central synagogue on Dohany Utca, the largest in Europe and after the Temple Emanu-El in New York City, the second largest functioning Jewish temple in the world.

The 7th is an area that has experienced much renovation and redevelopment in recent years, and given its proximity to the very heart of the city is increasingly an area of choice for young professionals. The rental market is particularly strong in this district.

Classic period buildings surrounding park squares are a regular feature of the 7th, and developers are also constructing new apartment blocks in and around the district’s main thoroughfare, the newly pedestrianised Király Utca. As such the 7th is an area that offers the chance to invest in classic Budapest property, or in new off-plan developments.

Other recent notable developments in this district are two newly renovated hotels on the main Erzsébet avenue, the five star Hotel Grand Corinthia, and the peerless New York Palace, a luxury five star hotel complex lavishly renovated by the Italian Boscolo Group. The area is also increasingly popular as an entertainment district, with many restaurants, bars and clubs to be found here.

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