Apartment Rents Down Compared to Q4 2022

Residential

Photo by BalkansCat / Shutterstock.com

In the first quarter of the year, the average monthly rent of brick apartments in the capital was HUF 216,000, which is higher than last year's annual average, but 6% lower compared to the Q4 of 2022, said real estate agent Otthon Centrum (OC), according to profitline.hu.

The most expensive parts of the city are traditionally the districts of Buda, where the average monthly rent is HUF 256,000.

The decrease in these districts is only 2%.

The average monthly rent in the city center is HUF 220,000 and in the outer Pest districts HUF 156,000, which is already 6% cheaper in both parts of the city compared to the fourth quarter of last year, according to the analysis.

British American Tobacco to Invest HUF 60 bln in Hungary Analysis

British American Tobacco to Invest HUF 60 bln in Hungary

Gov't Wants Sustainable Business Model for Magyar Posta Government

Gov't Wants Sustainable Business Model for Magyar Posta

120,000 Guest Workers Employed in Hungary HR

120,000 Guest Workers Employed in Hungary

Gastrotourism Alive and Well in Hungary Tourism

Gastrotourism Alive and Well in Hungary

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.