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

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.

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