How much can you rent out an apartment for in Budapest via Airbnb?

Airbnb has been rapidly expanding in Budapest, but future growth is very much dependent on EU regulations and competition with Hungarian hotel companies.

As communicated by Forbes.hu, the number of guest nights spent in Budapest has risen to 1.8 million in 2018, which is a 25% increase. Airbnb has exceeded this growth, with the number of nights booked via the platform having risen by 70% since 2016. Indeed, by the end of 2018, Airbnb’s market share of guest nights spent in Budapest has reached 20%, which is one of the highest proportions in Europe.

This implies that the regulations imposed by Budapest authorities to control Airbnb expansion in the capital have not been effective just yet.

Unsurprisingly, the majority of bookings are made in the city, with Districts V, VI and VII accounting for 69% of guest nights spent in Budapest via Airbnb. The most popular area of Budapest is District VII, where 29% of reservations are made. Despite prices here being above the Budapest average, they did not increase in 2018.

The most popular form of accommodation in 2018 was a full apartment, with around half of the guests opting for this option. The average cost of a night in a full apartment and a room were €48 and €31 respectively.