Budapest rents climb 9%
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.
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