ADVERTISEMENT

Budapest rents climb 9%

Food

pixabay

Rents in Budapest are up 9% from last summer at HUF 155,000-160,000 per month, an analysis by property listings aggregator Otthonterkép Csoport shows.

Rents are expected to increase at a slower rate in the second half of the year as newly completed homes come onto the market, said Otthonterkép chief analyst Nándor Mester.

On average, it takes 30-35 days to find a tenant for a rental property in the capital, but that period can drop dramatically to be as short as just a few days from the middle to the end of summer, he added.

Monthly rents are highest in Budaʼs leafy Districts XII and II, averaging HUF 250,000 and HUF 215,000 a month, respectively. Monthly rents in the Pestʼs central District V average HUF 207,000 per month.

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.