University admissions lead to housing rental boom

Deals

The publication of higher education admission thresholds on July 24 is expected to lead to a boom in the housing rental market, business news site azuzlet.hu reported.

Rates are expected to increase by 10-15%. Students usually look for rental accommodation close to their university, according to a recent study compiled by economic research firm GKI.

The most popular areas in Budapest are Districts 9 and 11, where monthly rents for studio apartments are about HUF 120,000. Bigger 100 square-meter flats are usually rented for HUF 200,000.

In the biggest university towns outside Budapest, Debrecen (230 km east of the capital), PĂ©cs (200 km southwest) and Szeged (170 km southeast), HUF 150,000 is enough to rent a two or three-room apartment, azuzlet.hu noted.

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