• Home
• Channel: Property
• Is Decline in Home Rents Over?

Is Decline in Home Rents Over?

• 25 May 2021 10:49 AM
• Hungary Around the Clock

Home rental rates were down 0.3% year-on-year in April nationwide, on average, but edged up 1.3% from March, the first monthly growth in 12 months.

This is according to the home rent index compiled by the Central Statistics Office and Ingatlan.com.

Home rental prices fell in each month since April 2020, when rates plunged due to the pandemic. 

Industry expert László Balogh of Ingatlan.com noted that the declining trend could reverse.

Home rental prices in Budapest averaged Ft 135,000 per month in mid-May, rising from Ft 130,000 a month earlier, according to data from Ingatlan.com.

This recent increase was due to the arrival of newly built flats on the market, Balogh observed.

Some owners are keeping their homes off the market in expectation of stronger demand and possible higher prices in the summer period, he added.

One reason for this is that University students generally begin to look for rented accommodation in July.

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

• Home Rent

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

Employer Housing Support Thresholds to Rise in Hungary

• 15 Nov 2024 12:17 PM

The government will raise the amount of housing support, with tax preferences, employers may offer their workers, Gergely Gulyas, the head of the Prime Minister's Office said at a regular press briefing.



Budapest Assembly Adopts Package to Ensure Affordable Housing

• 1 Nov 2024 7:26 AM

The municipal assembly of Budapest adopted a package of proposals aimed at securing government assistance to the city's housing programmes and to promote optimum use of the existing housing stock and other properties.



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.