An increase in rental fees expected in Budapest

Deals

Accommodation rental fees in Budapestʼs city center and near its universities increased by a year-on-year 20% in the first half of the year, while prices stayed practically unchanged in eastern Hungary, Hungarian economic daily Világgazdaság reported today.

Rental fees in western Hungary, particularly in the environs of Győr, Sopron and Szombathely, are now almost on par with Budapest prices, Attila Déry, analyst of real estate broker Otthon Centrum told the paper. According to the analyst, the trend is chiefly boosted by the Audi plant in Győr and Hungarian workers commuting to Austria.

The paper also noted that a reason for the increased rental demand is that many homeowners in central Budapest rent their properties for the short-term only, providing a kind of bed-and-breakfast service to tourists.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.