Apartment Rental Fee Trends in Hungary

napi.hu: The average monthly rental fee of a 40-80 square metre apartment in Budapest was HUF 130,000 in October and November. Compared to the same period of the previous year apartment rental fees increased in Budapest, Pécs and Miskolc by 8, 33 and 28 per cent, while in Szekszárd and Szombathely they decreased by 18 and 20 per cent, respectively.

There are significant differences among Budapest districts. District 16 exhibited the highest increase, 56 per cent, to HUF 106,000. Based on October and November advertisements, district 5 is still the most expensive at an average rental fee of HUF 180,000, which is a 20 per cent increase on a year-over-year basis. District 2 showed the biggest decrease: in October and November 2015 the average rental fee was HUF 140,000, 12 per cent less than in the same period of the previous year.

Intend to sell your apartment? We have some good news

napi.hu: The property price hike continues: the FHB property price index climbed from 179.36 points at the start of the year to 184.2 in Q2 2015 – this is a 2.7 and 1.7 per cent nominal and real increase, respectively. Despite the fact that the hike has been going on for 18 months prices are still lower than they used to be in 2008.

All in all, during the more than one year since the start of the price increase nominal and real prices increased by 14.9 and 14.6 per cent, respectively. Last year more than 100 thousand apartments changed their owners. For this year, property agents predict that the number of sale and purchase transactions will exceed 150 thousand, which is the same as in 2008.

Demand for housing was weak for most of 2023, but by the end of the year interest had increased, and from the beginning of 2024 the Csok Plus programme boosted the market

hvg.hu 16.04 In the first quarter of this year, home buyers took advantage of the new subsidy option in almost exactly one sixth of the loans, 16.7 percent. Of course, it was not only the Csok Plus programme that helped, but also the fact that interest rates have started to fall and inflation has also […]

Second highest house price increase in the EU since 2010 in Hungary

hvg.hu, 04 04 – In the last quarter of 2023, the average price of housing in the EU was 48 percent more expensive than in 2010 – Eurostat said. House prices in Hungary rose by 185 percent between 2010 and 2023. This is the second highest increase in the EU, with only Estonia 217 percent […]

Heirs left in the lurch at the probate hearing

napi.hu, 20.01 – Cryptocurrencies, social media profiles or documents stored in the cloud are increasingly common in probate proceedings. However, few people know that in lack of proper regulation and provisions, access to crypto currencies can be questionable for heirs, or that tech giants only allow access to deceased people’s data to those entitled to […]

Property and mortgage market data

napi.hu, 18.01 – More than a third of Budapest clients signed contracts for over HUF 20 million last year. Between September and December, for example, their share was 42%, which reflects an increase of 10 percentage points in 2021. The number of applications in this value range has increased steadily from quarter to quarter, to […]

Real estate prices have increased on the back of CSOK

napi.hu, 5 October – A study shows that the family home allowance (CSOK) has not improved the birth rate, but its amount has been incorporated into the price of homes. Three quarters of the subsidy was bunt up by the price rise, and the number of people having three children has not increased even in […]