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), Pécs (200 km southwest) and Szeged (170 km southeast), HUF 150,000 is enough to rent a two or three-room apartment, azuzlet.hu noted.

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.