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Ferencváros (District IX) has transformed from a working-class quarter into one of Budapest's most dynamic inner-city neighbourhoods. The streets south of the Great Market Hall now host craft beer bars, third-wave coffee roasters, and contemporary galleries alongside Budapest's premier concert hall, the Palace of Arts (MÜPA).
Named after Emperor Franz (Ferenc) I, the district was heavily industrialised in the 19th century and suffered significant damage in World War II. The riverside regeneration that began in the early 2000s — anchored by MÜPA's 2005 opening — catalysed the neighbourhood's ongoing transformation.