Apartment prices up 10% in some districts

Residential

Photo by Alla Simacheva / Shutterstock.com

Since the introduction of the restrictive measures in March last year, apartment prices in some districts of Budapest have risen by as much as 10%, according to a summary by Otthon Centrum comparing last quarter's data with rents for the last four months, writes conservative business daily Világgazdaság.

In the center of Budapest, rents have increased by 10% since last spring, and an apartment can be rented for an average of HUF 158,000 in the city's central districts. In recent months, the average value of rents in the Buda districts has been around HUF 170,000, which is 7% higher than the downtown average.

The most expensive rents were found in District II, where an average monthly rent of HUF 195,000 was typical, while apartments in District I and III could be rented for HUF 155,000.

ADVERTISEMENT

Hungary's largest toy retailer joins eMAG Marketplace Retail

Hungary's largest toy retailer joins eMAG Marketplace

Number of livestock farms in Hungary falls Land

Number of livestock farms in Hungary falls

Gen gov't deficit over HUF 1.144 tln at end-March Government

Gen gov't deficit over HUF 1.144 tln at end-March

Budapest aims to host EURO 2020 matches at full capacity In Budapest

Budapest aims to host EURO 2020 matches at full capacity

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.