Budapest is home to 2,000-3,000 vacant retail premises, business daily Világgazdaság said Tuesday.

Rents on empty retail space range from 20,000 forints to millions of forints each month, depending on the size, condition and location of the street, the paper said.

Start-up businesses generally baulk at paying more than 100,000 forints in rent.

The Budapest Chamber of Commerce and Industry and the Budapest municipality have begun operating a non-profit database which currently contains information on 150 leaseholds. The purpose of kiberelem.hu is to help start-ups by providing useful information about properties and their surroundings.

Plans are afoot to add analyses, which should make it easier for businesses to make investment decisions.

As we wrote before, although the rise in the prices of apartments has slowed down in the first three months of the year in the EU, Hungary is still on the top of the list concerning the rate of the increase in prices, read more HERE.

Source: MTI