Students may rent up to 20% cheaper this summer

Residential

Photo by Alla Simacheva / Shutterstock.com

According to data from Otthon Centrum, students should be able to find an apartment for rent up to 20% cheaper this summer, writes Forbes.hu.

Photo by Alla Simacheva / Shutterstock.com

With the absence of tourists, supply in the long-term rental market has increased, putting students in a better bargaining position.

According to Gábor Soóki-Tóth, head of analysis at Otthon Centrum, due to the better bargaining position, rental contracts have recently been concluded for up to HUF 5,600 per square meter cheaper in the more popular areas of the capital (Districts VI, VII, IX, XIII).

Regarding the rural rental market, Soóki-Tóth reported a 10-20% drop in prices, but overall less bargaining as noted by the differences between the advertised prices and the final offers.

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

19,000 young jobseekers hired in expanded subsidy program Government

19,000 young jobseekers hired in expanded subsidy program

Healthcare Roadshow Highlights Innovation, Screening Awarene... Interview

Healthcare Roadshow Highlights Innovation, Screening Awarene...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.