Rental season starts in Hungary: these are the cheapest places to rent
The university admission threshold scores were announced on Wednesday evening. With this, the high season on the rental market has begun. This will go a long way to boosting an already buoyant market. What do rental prices look like now in the country?
Rental season is starting
Demand for rental apartments has been on the rise since the spring, and this is now being boosted by the run-up to university, Forbes writes. Supply has started to increase significantly in recent weeks, with 300 new properties added to the more than 12,000 available in the last few days, according to the latest analysis by ingatlan.com.
László Balogh, chief economic expert at ingatlan.com, expects demand for low-priced rentals and rooms to become even stronger in the coming weeks. One reason is the general increase in the price of rentals. Another is that students entering the market now are typically looking for cheaper apartments to rent.
Where is the cheapest place to rent?
According to ingatlan.com, the average price of rentals in Budapest is HUF 240,000 (EUR 626.70). For apartments smaller than 40 square metres (flatlets), the average rent is much lower, at HUF 155,000 (EUR 404.74). Among the districts with the largest supply of flatlets, the average is HUF 177,000 (EUR 463.12) and HUF 180,000 (EUR 470.96) in districts 11 and 13, respectively. In districts 17, 20 and 21, apartments are also available for around HUF 100,000 (EUR 261.65).
The average price of a room in the capital is HUF 80,000 (EUR 209.30).
What is the situation in university towns?
Among the largest university towns, Győr has an average rent of HUF 185,000 (EUR 483.93), while flatlets are available for HUF 105,000 (EUR 274.70). The average for rooms is HUF 70,000 (EUR 183.10). Debrecen’s rental market starts the season with an average rent of HUF 170,000 (EUR 444.66). Flatlets are offered at HUF 120,000 (EUR 313.91) and rooms at HUF 60,000 (EUR 156.96).
In Szeged and Pécs, the average rent for apartments smaller than 40 square metres is HUF 100,000 (EUR 261.65) and HUF 97,000 (EUR 253.71), respectively. In these two towns, the price of rooms for rent is HUF 60,000 (EUR 156.95) and HUF 65,000 (EUR 170.06), respectively. The rent for flatlets in Miskolc is at HUF 70,000. The average price for rooms for rent is HUF 50,000.