Home rental rates in Hungary edge 0.4% higher in June
Photo by Peter Gudella / Shutterstock.com
Home rental rates in Hungary were up 0.4% year-on-year in June, rising for the first time since more than a year, data compiled by the Central Statistics Office (KSH) based on the listings of Ingatlan.com show.
Annualized rental rates had been falling every month since last April as demand dropped because of the coronavirus crisis.
Rental rates in the capital also edged up by 0.1% June, having fallen continuously since last March.
The monthly rental rate for a flat in the capital averaged HUF 152,000 in the first half of the year.
In a month-on-month comparison, home rental rates rose 1.6% in May in Hungary and 1.8% in Budapest. Home rental rates started increasing in January in a monthly comparison.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.