Rents continue rising in June

Residential

Photo by Alla Simacheva / Shutterstock.com

Rental prices in the capital continued to rise in June, according to an analysis by rentingo.com.

The increase was more than 20% compared to the same period last year, meaning landlords asked for an average of HUF 173,000.

According to the community sublet search platform, renters have been able to keep up with the price increase for the time being due to rising salaries in recent years.

In Budapest, they were looking for an apartment for rent for an average of HUF 166,000, which is a 23% increase year-on-year.

At the same time, rentingo pointed out that due to the double-digit inflation and the increase in the central bank's base interest rate, the tension between landlords and tenants will increase perceptibly during the rest of the year.

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