Rental prices exceeded a psychological barrier in Budapest

Rental prices in Budapest exceeded a psychological record. Average rent prices in the capital have never been this high.

According to infostart.hu, the price rise was 5% compared to last December. As a result, the average rental price level exceeded HUF 250,000 (EUR 634) per month, a psychological barrier for most Hungarians.

The new year kicked off strongly in the Hungarian real estate market, especially in the rental market. The new, HUF 250,000 average is based on the latest rent price market analysis of the Rentingo.com rental platform.

Soaring rental prices

Thanks to the decreasing inflation and rising wages, more people can afford better places to rent. As a result, the balance between the demand and supply sides lowered to a 1.5-year record of 4.5%. Competition gets sharper. Pet owners are probably in the most difficult position because the number of rents allowing pets is low.