Social sustainability and urban renewal on the example of Inner-Erzsébetváros in Budapest

Gábor Csanádi (), Adrienne Csizmady () and Gergely Olt
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Gábor Csanádi: Eötvös Loránd University of Budapest Centre for Urban and Regional Research Budapest Hungary
Adrienne Csizmady: Eötvös Loránd University of Budapest Centre for Urban and Regional Research Budapest Hungary
Gergely Olt: Eötvös Loránd University of Budapest Centre for Urban and Regional Research Budapest Hungary

Society and Economy, 2011, vol. 33, issue 1, 199-217

Abstract: This article outlines recent social processes in central Budapest — Inner-Erzsébetváros, focusing on social sustainability and gentrification, and presents the potential social conflicts emerging in this area. We examine the recent history and trends and possible long-term effects of real-estate development in the research area. The article concludes that the gentrification events in central Budapest could be a warning signal of future social displacement and social exclusion.

Keywords: social sustainability; urban renewal; gentrification; city centres; housing market (search for similar items in EconPapers)
JEL-codes: Q01 R31 R58 (search for similar items in EconPapers)
Date: 2011
Note: The research has been supported by the Norwegian Financial Mechanism (project HU-0056).
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