Budapest has highest rent prices in the region?

It costs more to rent a three-bedroom apartment in Budapest than it does in Brussels, according to new statistics.

The prices increased the most in Budapest in Europe compared to 2018, as apartments were rented out at a cost last year that is 15 per cent higher than the year before, according to new Eurostat data, reported Index.

The new statistics do not cover all rental apartments, Eurostat examined the prices of homes rented by international officials, so these prices reflect well-equipped flats in good condition. However, the prices of these homes affect the whole market. The apartments in Budapest which were included in the survey are located in the 1st. 2nd, 3rd, 5th, 6th, 7th and 12th districts, and put into three categories based on size, 40-60, 60-80 and 110-130 square meters.

Budapest has the third more expensive city centre to rent in, in our region, after Prague and Vienna. Bratislava, Bucharest and Warsaw follow them.

While it is less expensive to rent a three-bedroom apartment in Brussels, – which would cost around €1300 – than in Budapest – which would cost €1550 –, one and two-bedroom apartments cost slightly less in Budapest – €800 and €1050 respectively –, than in Brussels – €850 and €1060 respectively.