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Rental apartment rentals fell 6.4 percent in August compared to the previous year, writes hvg.hu based on the joint rental index from the Central Statistical Office (CSO) and ingatlan.com. This is the national average, prices in Budapest have fallen even more:
compared to last year, you have to pay 10.2 percent less rent.
This means that the average has dropped to 2017 levels. Within Budapest, the decrease is also greater in the inner districts of Pest, where you have to pay 12.7 percent less.
You can feel that the flats that have been rented with Airbnb have appeared on the market so far.
Only two regions of Hungary measured price increases: 0.2 percent in Central Transdanubia and 2.4 percent in northern Hungary. According to László Balogh, an analyst at ingatlan.com, the fall in prices may be lasting, but it is not known how long this process will last. (hvg.hu)
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