Urbani izziv Volume 21, No. 1, June 2010
: 117-125
(Articles)
UDK: 711.4(439.151)"20"
Author
Gábor CSANÁDI
Eötvös Loránd University of Budapest, Faculty of Social Sciences, Centre for Urban and Regional Research, Budapest, Hungary
gcsanadi@tatk.elte.hu
Adrienne CSIZMADY
Eötvös Loránd University of Budapest, Faculty of Social Sciences, Centre for Urban and Regional Research, Budapest, Hungary
Gergely OLT
Eötvös Loránd University of Budapest, Faculty of Social Sciences, Centre for Urban and Regional Research, Budapest, Hungary
Title
Recent trends in urban renewal in Budapest
Abstract
This article outlines recent social processes in central Budapest, focusing on social sustainability and gentrification, and presents the potential social conflicts emerging in this area. We examine the recent history of the housing market and areas of gentrification in the city centre. The second part of the article presents the 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.
Key Words
social sustainability, urban renewal, gentrification, city centres, housing market