Should university students rent or buy in Hungary?
Change language:
Which one is more profitable for university students: renting or buying real estate in Hungary?
The founder and owner of GDN Ingatlanhálózat, Zoltán Gadanecz, has revealed that rents have fallen by 20 per cent this year compared to previous years, because of the coronavirus pandemic, so it might be worth it to rent an apartment instead of buying, reported Blikk.
“As a result of the coronavirus, this difference has levelled off mainly in Budapest, but also in several university towns; rents no longer reach last year’s levels, in contrast to sales prices, which the market did not react to so quickly during the pandemic,” the expert explained.
He says that renting can be a good choice if someone wants to bear less burden, but buying is better for those who have investment goals. “If someone has long-term purchase intentions, or wants to invest their money in an apartment in a frequented part of a university town or Budapest, then they still have a right to.”