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Home rental rates in Hungary rise 16% in February

Residential

Photo by Fabio Balbi/Shutterstock.com

Home rental rates in Hungary rose 16.1% year-on-year in February, climbing for the ninth month in a row after falling for more than a year, state news wire MTI reports citing data compiled by the Central Statistical Office (KSH) from listings site Ingatlan.com.

Rental rates in the capital were up 16.5%, with rates in the central districts of Pest rising by 19.2% and in the outskirts of the city climbing by 9.6%.

In a month-on-month comparison, home rental rates rose 2% countrywide and were up 1.5% in Budapest in February.

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

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