High on the Airbnb-fever: Hungarians dreaming of becoming a millionaire
According to hvg.hu a huge property market bubble is growing in Budapest: anyone with at least a free room to spare wants to get a slice of the short-term property rental cake through Airbnb. Three years ago American Airbnb had about 500 Hungarian members; today there are more than 5000 in Budapest alone, and their number is on the constant increase. The hype is based on the fact is that in recent years early birds could cash millions with a comparatively easy job. Many fail to see that this does not hold true anymore and embark on a risky undertaking nevertheless. Huge failures are sure to follow. The Airbnb-fever is also partly responsible for the exorbitant property and room rental prices in Budapest.