In a month-on-month comparison, home rental rates edged up 0.6pc nationwide but inched down 0.1pc in Budapest.

The median monthly rent for a home in Budapest stood at HUF 260,000 in early March, an analysis by Ingatlan.com shows. The monthly rent in Debrecen, Hungary's second-largest city, was HUF 220,000.

Budapest Mayor's Office Launches Reliable Room Rental Programme

The Budapest municipality has launched a programme dubbed Together, Easier — Reliable Room Rental which enables elderly people to take in young people looking for reliable, pre-screened, affordable housing with stable legal guarantees, the mayor's office said on Wednesday.

The programme is being implemented as part of AHA Budapest - Affordable Housing for All, which aims to test new, affordable forms of housing and social support tools in Budapest, the statement said.

Budapest's city strategy for the elderly focuses on the safety and social participation of the elderly, reducing their isolation, and it emphasises the importance of intergenerational cooperation and programmes that make everyday life easier for the elderly, it added.

At the same time, Budapest has launched its largest housing programme in decades, with the aim of expanding the stock of affordable, stable rental housing, with the Reliable Room Rental programme being one of the key pillars of this complex housing strategy.

The programme is also open to Budapest district municipalities, as they can play an important role in reaching and supporting local seniors and creating community cooperation, the statement said.
 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com
 

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