Price Gap Between Supply and Demand for Sub-Rentals Opens to 26%

Residential

Photo by BalkansCat / Shutterstock.com

In the capital, the price gap between the demand and supply prices for sub-rentals opened to 26% in September, according to Rentingo.com.

According to the announcement, rental prices increased by an average of 4.5% compared to August, so in September, landlords were already asking HUF 201,000 for their rental property on average.

Landlords adjusted prices to double-digit inflation and government bond yields.

At the same time, tenants feel the rising utility costs and food prices and cannot manage the rent increase, so they try to find an apartment for only 1.7% more, almost HUF 160,000.

The social sublet search platform also pointed out that, as the gap widens, the fight for paying tenants is beginning again, similar to during the coronavirus pandemic. More and more landlords have been actively contacting those looking for apartments to rent on the interactive platform.

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