Apartment rent prices in Budapest brutal high!

In Budapest, one can rent brick-built apartments for HUF 125,000-350,000 (308.84 – 864.76 EUR), panels from HUF 130,000-290,000 (EUR 321.20 – 716.51), and rooms for rent are offered for nearly HUF 35,500-118,500 (EUR 87.71 – 292.78).

One can choose from nearly 12,000 apartments for rent

Although the prices of apartments for rent are not low, the selection is wide. Those who have recently reached the anniversary of their lease can expect a 14 percent price increase. – reports piacesprofit.hu. This can increase the monthly rental fees of existing contracts by HUF 10,000-20,000 (EUR 24.71 – 49.41). However, those who might want to switch to a cheaper sublet, now they can choose from nearly 12,000 apartments for rent across the country.

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Inflation may cause higher prices

“Inflation was 13.7 percent in July, so for those whose lease agreement uses annual inflation as the basis for the rent increase, depending on the apartment, they can expect a HUF 10-20,000 (EUR 24.71 – 49.41) price increase if they stay in the given sublease. It is important that the price increase is indicated as an option in the rental contracts, so it also depends on the owners whether they take advantage of it. For example, this is not enforced in all cases with reliable tenants. In any case, the double-digit inflation expected in July and for this year may contribute to the further increase in the price of already issued sublets,” said László Balogh, the leading economic expert of ingtalan.com.