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Renting an apartment in Budapest still incredibly expensive
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Long term apartment rentals in Budapest are still extremely expensive. New studio apartments are around 125,000 Ft (380 Euro) per month, a two-bedroom apartment is 168,000 Ft (515 Euro), while a three-bedroom apartment is usually more than 200,000 Ft (615 Euro) per month. These prices vary according to district, reports portfolio.hu
As we have reported before, average rental prices have doubled in Budapest in the last 5-6 years. The biggest problem is the decrease in the number of flats offered for 50-99 thousand Ft (160-290 Euros): it has plummeted from 40 percent to 17 percent in two years’ time.
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Tibor Földi, CEO of Cordia Zrt. says that the highest rents are characteristic of the districts with higher purchase prices, aka highest prices per square meter. Still, these real estates might not be the fastest to generate the purchase prize from the income. In other districts, more in the periphery, the same risk may come from the smaller number of renters.
The highest incomes are from two-bedroom apartments on Nagykörút. This is about 190,000 Ft (583 Euros), but these apartments are also the most expensive to buy.