Home rental rates in Hungary rise 13% in December

Residential

Photo by Peter Gudella / Shutterstock.com

Home rental rates in Hungary rose 13.1% year-on-year in December, climbing for the seventh month in a row after falling for more than a year, data compiled by the Central Statistical Office (KSH) from listings site Ingatlan.com show.

Rental rates in the capital were up 12.7% in December, with rates in areas on the outskirts of the city's central districts climbing 11%.

In a month-on-month comparison, home rental rates inched up 0.6% countrywide and were up 0.4% in Budapest in December.

The monthly rental rate for a flat in the capital averaged HUF 164,000 in the second half of the year. In the west of the country, a flat could be rented for HUF 126,000 per month.

ADVERTISEMENT

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023 Analysis

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.