ADVERTISEMENT

Renter's market in Hungary ahead of uni admissions

Residential

Photo by Alla Simacheva / Shutterstock.com

Supply on Hungary's home rental market outstrips demand by 20-30%, listed real estate broker Duna House said a week ahead of the announcement of point thresholds for university admissions, according to a report by news agency MTI.

Duna House said rental rates have stagnated in recent months, but university enrollment for the autumn semester could liven up the market a bit, although mainly for better quality flats.

It said monthly home rental rates in Budapest average HUF 150,000-165,000 at present, but smaller flats can be had for as little as HUF 120,000. Rental rates in Debrecen, Hungary's second-largest city, average HUF 115,000 a month, and they are around HUF 110,000 in Szeged, a university town in the southeast of the country.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.