As of October 2019, the average rental fee in Budapest amounts to 160 thousand Huf (Eur 512), up 7% in the same month in 2018, according to real estate site ingatlan.com, Index reported.
October may be a matter of curiosity due to the fact that the vast majority of students have already found accommodations by then.
The site’s senior economic expert László Balogh told Index that although demand for rent in Budapest stagnates, this still means there is considerable interest.
“In Budapest, demand for home purchases has declined since June, mainly due to the decrease of investors. As a result, the rise in home prices has moderated a lot. On the other hand, demand in the renting market constantly reproduces itself, as many still continue to choose to move to the capital for better jobs and higher wages.”
Only two towns saw a decrease in the average monthly rental prices, in comparison to last year. In Sopron, the average rental fee is now 110,000 HUF (EUR 352; 8% less), while in Szolnok it’s 90,000 HUF (Eur 288; 10% less). In contrast, rental fees have sky-rocketed in Miskolc, coming to 80,000 HUF (EUR 256; 14% more).