Significant increase in property rentals at Lake Balaton

The demand for rental houses and holiday homes near Lake Balaton and Lake Velence has increased significantly this year. Even though the first four months of the year hardly differed from last year’s results, in May and June 70% and 50% increase could be observed.

At the beginning of this summer, the demand for holiday homes and properties for rent for a longer time (at least one or two months), next to Lake Balaton and Lake Velence, has grown significantly. 

According to the latest summary of the real estate portal ingatlan.com, rents in the settlements of Lake Balaton in the summer season can exceed EUR 580 (~HUF 200,000) per month.

After easing curfew and travel restrictions in May, property market at Lake Balaton and Lake Velence exploded. Even though the first four months of the year hardly differed from last year’s results the number of people interested in renting holiday homes and houses increased by 70% in May and by 50% in June compared to a year earlier – revealed László Balogh, economic expert of ingatlan.com. He also added that this extra demand could be explained by the fact that many people were looking for domestic settlements instead of foreign destinations due to the pandemic.