Budapest Rental Prices Expected to Rise by Over 10% This Year
- 10 Jan 2024 8:11 AM
Rents in Budapest have increased by 19% in a year, fuelled mainly by record high inflation, Rentingo.com says in its latest analysis of the market.
Rents in Budapest have increased by 19% in a year, fuelled mainly by record high inflation, Rentingo.com says in its latest analysis of the market.
Home sales in Hungary rose by an annual 21% to 7,813 in December, a monthly estimate by listed real estate broker Duna House shows. For the full year, home sales reached 90,840, down 27% from 2022.
Compared to other cities, gross yields in Budapest, calculated from purchase prices and revenue from rent, are among the highest, which means the Hungarian capital is still a great destination for those investing in residential property.
Thanks to the opportunities offered by the northern and eastern border regions and Transdanubia – commuting and old-age resettlement – the interest of foreign home buyers is already higher than before the epidemic, writes Magyar Nemzet.