residential house

196536_00.jpg The capital launched a housing construction program during a crisis in the 1920s During the period of dualism in Budapest, most residential buildings were built by private investors, as there was a huge demand for them at that time: large crowds moved to the capital. The trend continued even after World War I, but at that time the economic environment was not nearly as favourable, so the capital itself launched a small flat construction program. Several buildings were completed by November-December 1926, the first residents moved in ninety-six years ago.
Even the economic crisis could not stop construction – The first Neo-Renaissance houses on Andrássy Avenue Similar to the last few crisis-filled years, there were also economic difficulties in the past centuries, which also had an impact on the construction industry. Such was the crisis of 1873, which very sensitively affected the mega-investment of the era, the constructions along Andrássy Avenue. Fortunately, construction began here as early as 1872 - i.e., 150 years ago - and some residential houses were soon completed, setting a good example for further construction.

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