Home rental rates in Hungary rise 3.7% y.o.y. in August
Photo by Alla Simacheva / Shutterstock.com
Home rental rates in Hungary rose 3.7% year-on-year in August, climbing for the third 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 2.8% in August, with rates in areas on the outskirts of the city's central districts climbing 5%.
In a month-on-month comparison, home rental rates rose 1.1% countrywide and increased 1.2% in Budapest in August.
The monthly rental rate for a flat in the capital averaged HUF 152,000 in the first half of the year. In the west of the country, a flat could be rented for HUF 118,000 per month.
Hungary Aims to Double Geothermal Utilization by 2030
Bulgaria's Household Income, Spending Rise 20% in 2023
Budapest Airport Building on ‘Strong Employer Brand’ and ‘Vi...
Silvanus Hotel Under Reconstruction, Will Reopen in Fall
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.
