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Home rental rates in Hungary rise 5.7% in September

Residential

Photo by Alla Simacheva / Shutterstock.com

Home rental rates in Hungary rose 5.7% year-on-year in September, climbing for the fourth 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 3.9% in September, with rates in areas on the outskirts of the city's central districts climbing 3.7%.

In a month-on-month comparison, home rental rates rose 0.9% countrywide and edged up 0.3% in Budapest in September.

The monthly rental rate for an apartment 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.

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