• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Rent increases accelerate in HungaryRent increases accelerate in HungaryRent increases accelerate in HungaryRent increases accelerate in Hungary
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
  • Budapest M3 metro back in service from Monday: here is the timetable

  • PHOTOS: 4,000-year-old pyramid found in Hungary

Support us
Hetzmann Mercédesz Hetzmann Mercédesz · 30/06/2022
· Society

Rent increases accelerate in Hungary

Budapest economy euro forint Hungary money property

Rents in Hungary have increased extremely rapidly in recent times. We have already read about the rate at which real estate prices have risen, and now it is time for rents to start rising rapidly.

Rapid increase in rent prices

Rents rose at an accelerating pace in May: 2.6 percent nationally and 2.5 percent in Budapest compared to the previous month, Portfolio.hu reports. In the capital, prices on offer were on average 21 percent higher than in the same period last year, with the highest increase (24 percent) in the inner districts of Pest. In May, rentals were 9.7 percent higher than the pre-pandemic peak in January 2020 nationwide and 5.8 percent higher in Budapest, according to the latest KSH-ingatlan.com rent index.

After a downturn in the year of the Covid-19 outbreak, rents have risen steadily since February 2021. Rents in May were 60 percent above the 2015 base period level nationally and 51 percent above in the capital – and 9.7 and 5.8 percent above the pre-pandemic peak in January 2020.

  • Read also: The colourful world of Hungarian folk music! – VIDEO

Rents in Buda Hills and Pest inner districts are higher

Compared to the previous month, prices rose in all districts of the capital: most significantly – by around 3 percent – in the Buda Hills and the inner districts of Pest, while in the outer disctricts of Pest and other districts of Buda, the increase was slightly less pronounced: 1-2 percent, reports Portfolio.hu.

Over a year, rents rose by the most – 24 percent – in the inner districts of Pest and by the least – 13 percent –  in the outer districts of Pest; by 19 percent in both the mountainous and other districts of Buda and by 21 percent in the transitional districts of Pest.

Average rent prices

According to the summary of ingatlan.com, the average rent in Budapest was HUF 190 000 (EUR 482.34). The most expensive district is the II. district with an average rent of HUF 330 000 (EUR 837.71), while the V. district came second with HUF 312 000 (EUR 791.94), although the average monthly rent per square metre is higher.

  • Read also: Budapest building roof collapses – Here’s why

According to the summary of ingatlan.com, the average rent in Budapest was HUF 190 000 (EUR 482.34). The most expensive district is the II. district with an average rent of HUF 330 000 (EUR 837.71), while the V. district came second with HUF 312 000 (EUR 791.94), although the average monthly rent per square metre is higher. In the two districts with the largest supply – XI. and XIII. –, average rents were HUF 196 000 (EUR 497.52) and HUF 174 000 (EUR 441.68) respectively.

Rents in the county capitals

According to azenpenzem.hu, in the county capitals, prices range between HUF 92 500 (EUR 234.76) and HUF 150 000 (EUR 380.7). The most expensive cities are Veszprém, Debrecen and Székesfehérvár. Kaposvár, Salgótarján and Szekszárd remain among the cheapest, with average rents below HUF 100 000 (EUR 253.8).

Budapest Airport departing passengers tax
Read alsoTips to make air travel from Hungary easier!

Source: Portfolio.hu, ingatlan.com, azenpenzem.hu

Budapest economy euro forint Hungary money property
Share
Hetzmann Mercédesz
Hetzmann Mercédesz

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • Foreign ministry: Hungary had not vetoed
  • Is Brussels discriminating against Hungarian farmers?
  • Could sanctions cause problems for Hungarian MOL’s gas supply?
  • Hungary to contribute to Türkiye’s post-quake reconstruction
  • Warning to dog owners: sausages spiked with nails scattered in Budapest
  • What happened today in Hungary? – 20 March, 2023
  • Vodafone already belongs to the state, now Hungary acquires indirect minority stake in Yettel
  • BREAKING – Bloomberg: Hungary vetoes joint EU resolution on Putin arrest warrant

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Daily News Hungary
Manage Cookie Consent
Like all websites, Daily News Hungary uses cookies to provide you with a more pleasant experience when you visit our Website. Because we are committed to keeping your information secure, this Notice explains exactly what cookies we use, for what purposes, under what conditions and for how long.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}