The project maps the geo-spatial relationship between the rise in international tourism in Budapest and local real estate trends, evaluating the shift in the local economy as a function of the international tourist industry. At the scale of neighborhoods in Budapest, the hypothesis tests the x-variable of assumed growth and spatial frequency of Points of Interest (varying from scenic views, churches, bars, museums, excursions, and cultural experiences) as tourist hubs, against the assumed y-variable of percent change in housing prices over the course of the decade (2010-2020). Though inconclusive due to the probable influence of external factors, the resulting data analysis suggests a geographic correlation between dense tourist hubs and local housing market trends, specifically in the inner city.
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What is the cost of tourism today in Budapest?
