In both 1799 and 1838, many buildings in Ferencváros were destroyed by flooding of the River Danube. Subsequent construction utilized brick and stone instead of adobe, thus preventing serious flood damage.

Industrialisation of the district occurred during the second half of the 19th century. During this period, Ferencváros' five mills, slaughterhouse (the largest in Hungary) and Central Market Hall were constructed.

Mixed district: has areas along the Danube (the National Theatre, Müpa, the Palace of Arts are located here, more universities in or close to the area); has a semi-pedestrian street, Ráday utca, with plenty of restaurants, cafes; and the inner areas with many new buildings (see below).

Mainly due to recent large-scale housing redevelopment and ensuing gentrification, in the past 15 years former working-class Ferencváros has become one of the most attractive districts of Budapest. It is massively popular with lower-middle to middle class twenty- and thirtysomethings, with property prices to match the hype. As a real two-in-one, it suits the hip and trendy set both for its vibrant urban scene and as a quality place to live. Thanks to the large amount of greenery, especially around the midsection called Central Ferencváros and further to the south, especially in the low-rise Attila József housing estate, the area has healthy outdoor spaces unequalled in central Pest.

The current population is 60,323 (2003 census). Ferencváros has various traditional ethnic minorities represented: most importantly Bulgarians, Germans, Croats, Serbs and Slovaks. The Roma population has been decreasing in the past 10 years as many of them gravitate to neighbouring districts with cheaper accommodation.

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Wikipedia