• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Rent prices have been climbing all across Hungary for the past 10 monthsRent prices have been climbing all across Hungary for the past 10 monthsRent prices have been climbing all across Hungary for the past 10 monthsRent prices have been climbing all across Hungary for the past 10 months
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • Do you want to get Hungarian castles for free? New bill makes that possible

Support us
András Balogh András Balogh · 25/12/2021
· Society

Rent prices have been climbing all across Hungary for the past 10 months

Szervita Square Building-Budapest

Photo: www.horizondevelopment.hu/hu/projektek#szervita-square-building

The national rental market closed another month with growing prices, producing a two-digit increase compared to January’s low point. However, prices have not reached the pre-epidemic peak. A recent analysis shows the prices of residential real estate rentals.

Cost of rent on the rise

The latest analysis of the Central Statistical Office examined rent prices in Hungary. The national average rent in November was 1.1 per cent higher than in the previous month, writes világgazdaság.hu. There was a 1.4 per cent monthly increase in prices in Budapest.

In 2021, there was an 11 per cent annual price increase nationwide.

read also: Crazy price increase in Budapest real estate market — New results!

In Budapest, there was a 10.5 per cent increase in rent on the rental market. January saw the lowest point in terms of house prices. Since then, prices have been rising steadily. However, they still have not reached the pre-pandemic level.

“Rental prices were more than 42 per cent higher in November than in 2015. This is approaching, but not reaching, the peak in January 2020 when the indicator was close to 46 per cent,” said László Balogh, a leading economics expert on ingatlan.com. In northern Hungary, the price increase was the biggest on an annual basis, with the price of an apartment rising by as much as 12 per cent. Meanwhile, in the rest of the country, for example in Budapest, it rose by between 7 and 10.5 per cent, writes origo.hu.

Price change broken down by area

In addition to the November prices, the new analysis shows how much owners offered their apartment for in December.

read also: Brooklyn is the biggest Hungarian “city” after Budapest? — VIDEOS

The average rent for an apartment in Budapest is HUF 150,000 (€407).

In this respect, there is no change compared to the previous months. District V is still the most expensive, while district 23 is the cheapest to rent an apartment. The average rent in the former is HUF 240,000 (€652), while in the latter, it is HUF 107.5 thousand (€290). 

Outside the Hungarian capital, however, the leader of the list has changed. Previously, renting an apartment was the most expensive in Veszprém. However, now, Székesfehérvár is at the top of the list. In third place on the list is Debrecen. Békéscsaba and Salgótarján close the list of county seats.

Budapest real estate
Read alsoThese are Budapest’s cheapest and most expensive streets

Source: origo.hu, világgazdaság.hu

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
Budapest Hungary investment money property real estate statistics
Share

Hot news

  • Hair-raising video: two electric scooter drivers nearly killed by a bus

  • Voters against foreign campaign financing?

  • The Pygmalion Effect by Boris Eifman is presented by the Hungarian National Ballet for the first time

  • Where to shop? These are the best discount chains in Hungary

  • Hungarian Speaker reacted on the tragic Indian train crash

  • Government: Hungarian nation has no boundaries

Related posts

accident bus electric roller
05/06/2023

Hair-raising video: two electric scooter drivers nearly killed by a bus


Read more
Railway Hungary trains delay
04/06/2023

Reserve your seat on trains to Lake Balaton with the help of an innovation now!


Read more
SZIN
04/06/2023

Festival prices skyrocketing in Hungary


Read more
Balaton beach free
04/06/2023

Astonishing free beaches in Hungary


Read more

3 Comments

  1. Morals-Values-Ethics-Principles : says:
    26/12/2021 at 13:49

    Why – as this is, when you take time and dissect, pull apart, look at ALL angles, to find an Answer, undergoing a complete Analysis – in relation to the subject of this article – in summarizing reason(s) – the number (1) one reason – is Human Greed.
    Is the rapid inflation we are “living” with in Hungary at present, the highest in 14 years, and – Economically & Financially – no signs of it ending – what – by Human accelleration/input – comes under – Human Greed.

    Hungary – post February 2020 especially Budapest, the “engine room” of Tourism in Hungary – has been – Ravaged.

    Hungary – prior to February 2020 – our GPD – was returning a “mean” on our overall Country’s balance sheet of 9.3%.
    This GPD figure 9.3% – REALIZE – the IMPORTANCE – this catagory of Income into the Hungarian Economy – it is.
    Look at “other” countries – across broad and wide spectrms – of there Financial & Economic – functionality – and you will conclude – the the 9.3% of GDP – through TOURISM – is “up there” – as a Major feed of Oxygen & Blood Flow – in our countrys – SURVIVAL.

    Happy to example personally – we reside in District V – and look at life in a VISIONARY – a Broad & Expansive platform, that takes in – people from “All Stations in Life.

    District V – continues – the mass number of vacant flats,apartments, hotel accomadation fill rate – that the RAVAGEING of Tourism – its Disappearance – is OBVIOUS.

    Rising Interest Rates in Hungary – is this REALLY – Honestly – a – cause or reason – for – the MESSAGE – this article is centered on ???

    I dismiss – its a Major Factor – why the “claimed” increases in Rental Property’s – are what are contained in this article.

    Human Greed – sharing the Pain & Stress – the Uncertainties – that the Future may hold for Hungary.
    Human Greed – ugly, but we are SADLY – surrounded and engulfed – in it.

  2. Concerned : says:
    26/12/2021 at 15:22

    Property in Hungary – Budapest in the main, in all catagories of the Property landscape – Top Heavy – with Sellers rather than Buyers – which is an on-going – Major Economic & Financial – Concern.
    The principal indicators used – to access and evaluate – the performance – current and future – of a countrys – Economy – all these indicators are heading in directions – that CONFIRM – the Economy of Hungary – is in Massive Trouble.
    Property – all of its componentry and make-up – prices MUST – FALL.

  3. Abe says:
    31/12/2021 at 15:18

    is it possible to buy an apartment that is in ” liveable condition” in Budapest or, within 40 km’s of Budapest for €30000 ? What about the other Towns close to Budapest ?
    I asked as i would like to get a temporary residence Permit for Hungary and to attend elementary Hungarian class when there.
    Thanks …….Abe ( uk )

Leave a Reply

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

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

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.


.

About us

Contact us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Hair-raising video: two electric scooter drivers nearly killed by a bus

Hair-raising video: two electric scooter drivers nearly killed by a bus

Read More
Voters against foreign campaign financing?

Voters against foreign campaign financing?

Read More
The Pygmalion Effect by Boris Eifman is presented by the Hungarian National Ballet for the first time

The Pygmalion Effect by Boris Eifman is presented by the Hungarian National Ballet for the first time

Read More
Where to shop? These are the best discount chains in Hungary

Where to shop? These are the best discount chains in Hungary

Read More
Hungarian Speaker reacted on the tragic Indian train crash

Hungarian Speaker reacted on the tragic Indian train crash

Read More
Government: Hungarian nation has no boundaries

Government: Hungarian nation has no boundaries

Read More
What happened today in Hungary? – 4 June, 2023

What happened today in Hungary? – 4 June, 2023

Read More
The number of Hungarians has decreased shockingly since the Peace Treaty of Trianon

The number of Hungarians has decreased shockingly since the Peace Treaty of Trianon

Read More
Batumi, the four-season Georgian tourist destination, presented in Budapest

Batumi, the four-season Georgian tourist destination, presented in Budapest

Read More
Reserve your seat on trains to Lake Balaton with the help of an innovation now!

Reserve your seat on trains to Lake Balaton with the help of an innovation now!

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?