Finding affordable apartment in Hungary to be almost impossible from September

There has been a gradual increase in rental prices across Hungary. This is only expected to increase during the high season, the real estate agency Duna House said in a statement. Thus, finding affordable rentals will not be easy: especially for university students from September.

In the current rental market, in addition to exceptionally high demand, tight supply and rising rents are making it even more difficult than usual for students to find a place to rent, Duna House (DH) said in its statement.

Budapest students should prepare for the most expensive rents

Students in the capital should prepare for the highest costs. The average rent is expected to rise to over HUF 200,000 (EUR 519) in Budapest. However, even in popular rural university towns, in many cases, the only way to reduce costs is to move several students together. Those who do not want a flatmate but would like to rent an independent apartment should be prepared for a minimum rent of HUF 130-150,000 (EUR 337.77-389.73) plus utility bills, based on the current offer in the capital, DH said.

The real estate agency points out that although the rent of the apartment you choose is the most important, it is only one of many factors. As napi.hu writes, Károly Benedikt, Head of PR and Analysis at Duna House, pointed out in the press release that the energy parameters of the property and its monthly energy consumption are of utmost importance not only when buying a flat, but also when looking for a rental property.

Pay attention: is the apartment debt-free?

It was noted in the Communication that it is also worth checking that the dwelling is debt-free, as a previously accumulated utility arrears can lead to the disconnection of the service.

“In addition to the rent and utility bills, it is essential that the prospective tenant knows the composition and level of the common costs. If the common cost includes an amount for future improvements, the tenant can ask the landlord to take over these items, as the tenant may not necessarily benefit from this,” advised the Duna House expert.