• Home
• Channel: Property
• Video: Budapest Rents Down Due To Covid

Video: Budapest Rents Down Due To Covid

• 1 Oct 2020 8:17 AM

Budapest's property prices have fallen by 20 percent in certain parts of the city for those renting, both as a result of recent  border closures and new rules restricting Airbnb rentals.

For example expat Hamou Brahimou, a masters student, is one tenant who has benefited from a drop in rental prices after the pandemic forced Hungary to close its borders reports CGTN Europe.

Source:
China Global Television Network, the international English-language news channel based in Beijing owned by China Central Television, a state-owned broadcaster.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Rents

Explore More Reports

Updated: Tighter Short-Term Rental Rules in Budapest, Increase in Annual Room Tax

• 26 Nov 2024 6:06 AM

The National Economy Ministry responded to "misleading" points made in an open letter from Airbnb to the head of the portfolio, Marton Nagy in a statement issued.



Updated: Public Consultation Launched on Draft Short-Term Rentals Regulation in Hungary

• 23 Oct 2024 1:59 PM

The National Economy Ministry announced the launch of a public consultation on draft legislation on short-term rentals.



Updated: Airbnb Saga: Short-Term Rent Rules in Budapest to Be Tightened

• 21 Oct 2024 6:08 AM

The government only wants to tighten short-term home rents in Budapest, the Economy Ministry said on Monday after 26 tourism associations signed a letter arguing for a compromise between a complete ban and the current regulation for Airbnb-type of rents.



Home Rents Rise Nationwide in Hungary But Fall in Budapest

• 16 May 2024 5:51 AM

Residential rental rates were up 0.8% month-on-month nationwide in April but 0.5% lower in Budapest, according to data compiled jointly by the Central Statistics Office and real estate agency ingatlan.com.