Urban Hierarchy in the Budapest Metropolitan Area

Áron Horváth () and Gábor Soóki-Tóth ()
Additional contact information
Áron Horváth: ELTINGA Centre for Real Estate Research
Gábor Soóki-Tóth: CBS Property Zrt

Chapter Chapter 7 in European Metropolitan Commercial Real Estate Markets, 2014, pp 163-196 from Springer

Abstract: Abstract Budapest is an interesting showcase of changing urban patterns for several reasons. Firstly, Budapest’s geographical characteristics—the hilly Buda side and the flat Pest side—have always influenced spatial patterns. Secondly, after the collapse of the socialist regime in 1989, major changes took place: not simply new firms, but whole new sectors settled in the Hungarian capital. And thirdly, the slow and segmented change in regulation affected the construction of new real estate. In this chapter, the effects of these changes on the retail and the office sector are presented. In the case of retail, the absence of modern retail space offered large opportunities for developers, and the supply of modern retail space has grown continuously over the past two decades. The chapter describes the process of conversion to the widespread construction of hypermarkets. In the case of the office sector, we describe the formation of sub-centres on the Budapest office market and the associated changes in the urban hierarchy.

Keywords: Supply and demand drivers; Changing urban hierarchy (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-642-37852-2_7

Ordering information: This item can be ordered from
http://www.springer.com/9783642378522

DOI: 10.1007/978-3-642-37852-2_7

Access Statistics for this chapter

More chapters in Advances in Spatial Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().