Attention students: renting fees in Hungarian university cities skyrocketing!

The country experienced an average increase of 2.7% per month during the busiest part of summer.

Property and rent prices keep changing every couple of months due to many factors. Lately, the coronavirus pandemic and its restrictions introduced to protect the population influenced prices. As summer is over in a week and universities in Hungary start around the same time, the market of rentable properties is experiencing some changes again.

The biggest extremes from the Hungarian rental property market 

As every year, due to the interest of many freshmen students ready to start higher education, prices start increasing. According to the property renting index of KSH-ingatlan.com,

the average monthly increase during the past month was around 2.7% in the country.

Still, these renting fees are still behind the record rates of January 2020.

Although the most considerable change was not experienced in the capital,

renting fees are the highest in Budapest, with an average of 145 thousand forints (414 euros).

The index shows a 2.4% increase.
The bigger university cities following the capital, like Debrecen, Pécs, or Szeged, saw a 10 thousand forints (28 euros) growth.

The average renting fee in Debrecen is around 120 thousand forints (342 euros), in Szeged 110 thousand forints (314 euros), and Pécs about 100 thousand (285 euros).

These current property fees are more than 8% higher than this January’s super low prices.

Index.hu quoted the words of László Balogh, leading economic expert of ingatlan.com. “This recovery and the increase of renting fees were expected, mostly because of the start of the high season of summer. Students also appeared on the market after the higher-education admission points were made public. Although they generate the biggest demand during the summer months, this group is further strengthened by those working in a given city.