Rental prices in Budapest reach a psychological barrier, contrary trend in other cities
Rental prices have continued to rise in Budapest, with the average monthly fee now exceeding HUF 250,000 (EUR 630). This represents a psychological barrier for both the capital and Hungary as a whole. Meanwhile, the trend is the opposite in rural cities, where rental prices have decreased following last year’s significant surge.
High rental prices in Budapest*
According to 24.hu, the average monthly rental price for brick apartments in Budapest has grown to HUF 259,000 (EUR 650), marking a 9.9% increase compared to last year. György Kosztolánczy, the CEO of Otthon Centrum, noted that in rural areas, the average rental price has fallen to HUF 160,000 (EUR 400), which is 4.6% lower than in 2023. Last year saw an extraordinary 33% average price rise in rural Hungary.
Renting is most expensive in Budapest’s 6th district, where the average rental price is HUF 339,000 (EUR 860). The 2nd and 5th districts follow, with average rents of HUF 335,000 and 292,000 (EUR 850 and 740) respectively. The 3rd and 11th districts in Buda also feature prominently on the list.
On the Pest side, prices are generally lower. The average rental price in the 7th and 8th districts is HUF 225,000 (EUR 570), while the outer districts of Budapest are the cheapest, with prices ranging from HUF 180,000 to 200,000 (EUR 450-500).
Larger apartments more affordable in outer districts
Prices have increased by 5-20% in most districts, with the 11th district in Buda being a notable exception, which is good news for university students.
Unpleasant news for subtenants is that the price rise has been most significant for small, one-room apartments, increasing by 20.9%.
The smaller the flat, the smaller the price differences between districts. For instance, the average rental price for a one-room apartment in the city centre is HUF 180,000, compared to HUF 165,000 (EUR 450 and 420) in the outer districts. This difference becomes more pronounced for two- and three-room apartments.
Panel buildings offer cheaper options
The average rent for a three-room apartment in the city centre is HUF 330,000 (EUR 830), compared to just HUF 213,000 (EUR 540) in the outer regions of Pest.
In rural Hungary, some cities are more expensive than others. Debrecen, Győr, and Székesfehérvár, centres of the Hungarian automotive industry, are among the more expensive, with average rents around HUF 200,000 per month. In contrast, Szeged, Pécs, and Kecskemét are much more affordable.
Of course, renting an apartment in panel buildings is cheaper everywhere. In Budapest, average prices range from HUF 180,000 to 200,000 (EUR 450-500). In rural cities, they cost “only” HUF 125,000 to 137,000 per month.
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It’s not what could be viewed as a “Cop Out” take the “easy” choice to explain, the on-going continuation of RISING rental costs, as outlined in this article, when, in my opinion, it JUST reverts back, that through the INCORRECT – ” path” the direction that the Prime Minister – Victor M. Orban and his Minister of Finance – Mihaly Varga – “launched” or FLUNG us into as a country – HAS proven to be a cataclysmic DISASTER.
POWERFUL notification by “Learned” brains, people of Eminence, from “inside” of Hungary and Globally, in oral and written forms of COMMUNICATION, that greatly exceeded the intellectual capacity of Orban & Varga – the Orban – Fidesz Government of Hungary – advised them – of the DANGEROUS – high, high RISK course/direction – Orban/Varga, the Fidesz Government of Hungary – had “set” Hungary on, that could result in THEIR – Economic & Financial Policies being PERILOUS on Hungary,
This DNH article, centered on ‘Rental Prices in Budapest” – captures “with Credit” – the PICTURE – giving “sound” reason(s) and explanation(s) of Rental prices -why they exist, and will CONTINUE in there upward Trend.
The CORE fundamentals of the Hungarian – Economic & Financial “design” through the ORCHESTRATION of Orban / Varga – the Fidesz Government of Hungary are horrifying – WRONG.
REMEMBER – we build on, that the RENTAL property market is in a PHASE of mass explosion, in the number sooner than later, then later, that will, in the course of the next 2-3 years be a GARGANTUAN market, that will have as is NOW – mass numbers of individuals & companies, investors – FINANCIALLY – DAMAGED, numbers WIPED out.
Occupants/Tenants to AVAILABILY – for Rental purpose.
Do the SUMS – look at the state of the Economy – look at the population “falling” number, that is a GROWING Aged Population – look at the For Sale Market of Property’s presently and WORSENING – of SELLERS over Buyers just distorted that will WORSEN as more property’s for sale – come on the market.
Hungary – we have the HIGHEST Interest Rates of the 27 European Union Country’s.
The FORINT – DOOMED.
It all FALLS under, through the Orban – Fidesz Government – the “growing” thinness – it’s NOW likened to “paper mache” – the VULNERABILITY – of the entire Hungarian – Financial& Economic “outlook”.
Hungary – through the Orban – Fidesz Government – RELATIONSHIPS with the word DEMOCRACY – country’s that are DEMOCRACY’s – just DEVASTATED.
Hungary – through the Orban – Fidesz Government – RELATIONSHIPS with the European Union & N.A.T.O – SMASHED.
Hungary – through the ongoing DISTILLATION, the eradication in the “practice” of CORE democracy in Hungary – the “Love Child” of the present Prime Minister of Hungary – Victor M. Orban – that GROWS – in partnerships/relationships with Russia & China – being Dictatorships and under LAWS of Communism – major “explosion” immediate PROBLEMS needing ADDRESSED by the Hungarian population in as far of what they WANT – in the Political Governance of there – our country.
Democracy or the Russian/China “version” ???
Hungary – we are 60% on the road(s) to Moscow and Beijing.
Politically, the outcome of the recent European Parliament Elections – gave CLEAR indication, of “slowly” crumbling walls of r=the Orban – Fidesz Governments “Hold” over Hungary.
Poverty in Hungary – to-day, as I commentate – a “generous” estimate of 3% of our “ageing” population, in a TREND of continual DECLINE – a population of 9.7 million.
DO the Sum’s. – a DECIMATION trend – that GROWS, in our Capital City, our Cities, our towns and village in our “hamlets” – APPALING.
Simply put, those Hungarians – who BELIEVE that the Orban / Varga – “paths” of Economic & Financial GROWTH – creating IMPROVEMENTS just on Life Style quality alone – have you NOT been dismally FAILED in millions of the population of Hungary – from “all stations in Life” ???
My answer is – YES.
Orban/Varga – have not GROWN – the CORE – the Wealth of Hungary, the “purse” of Government Funds.
Orban/Varga – our population – the “ageing” population we are – in MILLIONS – our personal WEALTH has NOT grown.
Orban/Varga – the Fidesz Government of Hungary have FACTUALLY effected the SCUTTLING of Hungary – sold us off and OUT, that leaves US in a place I call – Vesuvius – that “bubbled” away, for decades, in the faces of the people who lived in its region, who knew of it’s POTENTIAL to cause HAVOC – to there lives, there region(s) – they were WARNED, but FAILED to LISTEN – take make acts in preparedness for what Vesuvius could and DID do, by just living there lives without THINKING of the consequences if as it DID – the 79AD – the cataclysmic EXPLOSION, the DESTRUCTION that “thundered” down among – upon them, by Mount Vesuvius.
LISTEN – act Hungarians – don’t be blinded nor gullible – “brain washed” in PROPAGANDA that continues out of the Orban – Fidesz Government – be OBSERVANT – not acting as we ARE – like to people of the Mount Vesuvius region – who Did Not – LISTEN.
Hungary – we are a Vesuvius – in waiting – that sooner – very sooner than later – we will be a victim – a country – through FORCE(s) that HAIL down upon us, that will HAVE “dire” consequences, for us INDIVIDUALLY – our Families, children, grand-children – our loved ones – and the FUTURE of our Country – Hungary.