Rent rises continue accelerating

Residential

Photo by Peter Gudella / Shutterstock.com

The rise in rents continued to accelerate in June, according to the national rent index of the Central Statistics Office (KSH) and ingatlan.com.

Compared to the previous month, rents rose by 3.8% nationally and 4% in Budapest.

In the capital, rents were on average 24% higher than a year earlier, with the highest increase of 27% in the inner districts of Pest.

Nationally, rents exceeded the same period of the previous year by 23% in June.

The rents in June exceeded the peak of January 2020 by 14% nationally and 10% in Budapest, but in real terms, they still fell short of the pre-epidemic level.

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