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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Gábor Csanádi & Adrienne Csizmady & Gergely Olt, 2011. "Social sustainability and urban renewal on the example of Inner-Erzsébetváros in Budapest," Society and Economy, Akadémiai Kiadó, Hungary, vol. 33(1), pages 199-217, April.
  • Handle: RePEc:aka:soceco:v:33:y:2011:i:1:p:199-217
    Note: The research has been supported by the Norwegian Financial Mechanism (project HU-0056).
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    Cited by:

    1. Tom Kauko, 2014. "Innovation in real estate and evolutionary agendas," ERES eres2014_15, European Real Estate Society (ERES).

    More about this item

    Keywords

    social sustainability; urban renewal; gentrification; city centres; housing market;

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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