BREAKING NEWS! Another huge tax hike from the Orbán cabinet: this time it’s on short-term rentals in Budapest
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The National Economy Ministry announced the launch of a public consultation on draft legislation on short-term rentals on Monday.
Draft legislation on short-term rentals
The draft legislation would raise the annual flat tax on short-term rentals in Budapest from HUF 38,400 (EUR 96) to HUF 150,000 (EUR 373,5) per room from 2025, while suspending the issue of new short-term rental licences in 2025 and 2026.
The new rules would only apply to short-term rentals in the capital.
Apartment rental situation in Budapest
The ministry noted that rents in Budapest, where 140,000 of the 800,000 households are tenants, could reach as high as 50-60pc of renters’ monthly income. At the same time, it added that the number of rooms at Airbnb-type accommodations has risen to 26,000, raising property prices and rents.
The ministry said that since the pandemic, rents and home prices in Budapest have climbed over 40pc, pricing some homebuyers out of the market. Additionally, it added that short-term rentals have restricted permanent residents’ right to an “undisturbed” home life.
The ministry said local governments’ lack of action in the matter had only made things worse, justifying the central government’s intervention.
Hungarians – Continue to be OBSERVANT / Mindful, that this Orban led – Fidesz Government of Hungary – in its DESPERATION – there NEED of Income / Revenue, there Options exhausted, through the Orban / Varga – FAILED economic and financial policies – they are and WILL CONTINUE to increase TAXES – across the board in Hungary.
PRESSURIZATION rightly grows on the Orban – Fidesz Government.
Hungarians CONTINUE to SEE – the DESTRUCTION – what as a Government of 15 years – the Orban – Fidesz Government have DELIVERED us to as a country today – CHAOS.
There DOWNFALL rightly grows increases at a RIGHTFUL quickening PACE.