Budapest Rental Prices Expected to Rise by Over 10% This Year
- 10 Jan 2024 8:11 AM
Rents in Budapest have increased by 19% in a year, fuelled mainly by record high inflation, Rentingo.com says in its latest analysis of the market.
Rents in Budapest have increased by 19% in a year, fuelled mainly by record high inflation, Rentingo.com says in its latest analysis of the market.
Maintaining its long-standing position, Budapest again came out on top in December in a comparison of EU capitals of where electricity and gas are cheapest for households. However, including capitals in non-EU countries, households in Kyiv, Ukraine had to pay less than Budapest for electricity and gas, Világgazdaság reports.
Compared to other cities, gross yields in Budapest, calculated from purchase prices and revenue from rent, are among the highest, which means the Hungarian capital is still a great destination for those investing in residential property.
Thanks to the opportunities offered by the northern and eastern border regions and Transdanubia – commuting and old-age resettlement – the interest of foreign home buyers is already higher than before the epidemic, writes Magyar Nemzet.