Home rental rates in Hungary up 11% y.o.y. in November

Residential

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Home rental rates in Hungary rose 11% year-on-year in November, climbing for the sixth 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 10.5% in November, with rates in areas on the outskirts of the city's central districts climbing 10.4%.

In a month-on-month comparison, home rental rates rose 1.1% countrywide and edged up 0.8% in Budapest in November.

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.

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