Home Rents Rise Nationwide in Hungary But Fall in Budapest
- 16 May 2024 5:51 AM
- Hungary Around the Clock
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.
Compared to a year earlier, home rent expanded by 12% in Hungary but by only 10% in Budapest.
In real terms, rents were 23% higher in the country compared to the base period of 2015, and up by 17% in Budapest in April.
In Budapest, home rent fees dropped the most in April in areas where they had risen the most a month earlier.
Rates were 1.4% higher in the Buda Hills districts and 1.8% lower in Pest’s inner districts than in the previous month.
The average monthly rent for a home in Budapest in May stands at Ft 270,000.
Rents are in the Ft 240,000-275,000 range in the 11th, 13th and 14th districts, and below Ft 200,000 per month in the 15th, 20th and 21st districts.
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