ABSTRACT
This chapter explains property price effects in two adjacent Budapest neighbourhoods under regeneration where a public private partnership (PPP) approach was attempted: central sections of districts VIII (Jzsefvros) and IX (Ferencvros). It observes that contemporary urban property developments in Budapest are privately driven thus the era of PPP is over, at least for the time being. The development of cities, in general, and urban regeneration, in particular, is an increasingly difficult topic to pin down in Central and Eastern Europe (CEE). More often than not, urban neighbourhoods undergo a complex mixture of decay, inertia and revitalization. To be able to evaluate such multifaceted processes and outcomes we need new tools which go beyond cost-benefit analysis. The self-organizing map (SOM) is essentially a measurable similarity-based clustering and classification technique organized as a set of neural network algorithms invented by Teuvo Kohonen.
