Home rental rates in Hungary edge 0.4% higher in June

Residential

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Home rental rates in Hungary were up 0.4% year-on-year in June, rising for the first time since more than a year, data compiled by the Central Statistics Office (KSH) based on the listings of Ingatlan.com show.

Annualized rental rates had been falling every month since last April as demand dropped because of the coronavirus crisis.

Rental rates in the capital also edged up by 0.1% June, having fallen continuously since last March. 

The monthly rental rate for a flat in the capital averaged HUF 152,000 in the first half of the year.

In a month-on-month comparison, home rental rates rose 1.6% in May in Hungary and 1.8% in Budapest. Home rental rates started increasing in January in a monthly comparison. 

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