As a result of the Treaty of Trianon after Worldwar I the artists colony of Nagybánya was no longer part of Hungary. Tibor Boromisza and others discovered Szentendre to be more than a substitute. The artist's colony was founded in 1926. In 1929 the artists moved to a house at Deák ference Street, which became the main place for the artists for a long period.
In 1969 a new artists colonie was founded by the Hungarian state.