Hungary suffered a brutal rental price rise last year!
A recently published analysis shows that rental prices climbed 13 pc in Hungary in 2021.
According to hvg.hu, the national rate is 13.1 pc, while this number is 12.7 pc in Budapest. That was the price rise between 2020 December and 2021 December. Compared to November, the increase was 0.4 pc in the capital and 0.6 pc in Hungary. Furthermore, the news website said that the number of real estates offered for rent increased in Budapest and decreased in the other major cities.
Compater to 2015 December, rental prices were 43.6 pc higher in 2021 December – László Balogh, an expert of ingatlan.hu, said. However, that is still not a record since rental fees were higher in 2020 January. He added that rental prices would ascend to pre-pandemic levels in the next few months.Â
The 5th district of Budapest is the most expensive, with a 50 pc rise between 2021 January and 2022 January. That is a historical record. Meanwhile, the 23rd district is the cheapest with only a 29 pc increase. Among the cities, Székesfehérvár is the most expensive, where rental prices climbed up by 17 pc.
Origo.hu says that rental prices were lowest last January, but they have been increasing ever since.
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Source: hvg.hu, origo.hu