Residents can shut down Budapest’s party quarter

District VII Council Assembly set the referendum about the opening hours of clubs for 18 February. The poll concerns the so-called party quarter of Budapest, the area of Erzsébetváros, surrounded by Erzsébet Boulevard, Király Street, Károly Boulevard and Rákóczi Road. If people vote yes, bars and nightclubs will have to be closed from midnight to 6 a.m., Portfolio.hu reports.

People’s decision will have serious consequences regarding not only the retail sales, but in the long run it will probably influence the real estate market as well.

The referendum inquires whether residents agree that the local body of representatives of District VII, Erzsébetváros should regulate the opening hours of shops within the area surrounded by Károly Boulevard, Király Street, Erzsébet Boulevard and Rákóczi Road. Businesses within this area would have to be closed between midnight and 6 a.m.

Possible repercussions

The possible restriction would affect the smaller retail outlets which make most of their profits in the period mentioned above (0 – 6 a.m.).