Renter's market in Hungary ahead of uni admissions

Residential

Photo by Alla Simacheva / Shutterstock.com

Supply on Hungary's home rental market outstrips demand by 20-30%, listed real estate broker Duna House said a week ahead of the announcement of point thresholds for university admissions, according to a report by news agency MTI.

Duna House said rental rates have stagnated in recent months, but university enrollment for the autumn semester could liven up the market a bit, although mainly for better quality flats.

It said monthly home rental rates in Budapest average HUF 150,000-165,000 at present, but smaller flats can be had for as little as HUF 120,000. Rental rates in Debrecen, Hungary's second-largest city, average HUF 115,000 a month, and they are around HUF 110,000 in Szeged, a university town in the southeast of the country.

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