Rent growth slowed down in August
napi.hu, 22.09 – The rise in rents slowed down in August, with rents rising by around 1 percent compared to the previous month, with 1.1 percent in Hungary and 1.2 percent in Budapest. Despite seven months of steady increases, prices were on average only 3-4 percent above the level of a year earlier, the Hungarian Central Statistical Office (KSH) said in its latest report on the KSH-ingatlan.com rent index published on Wednesday. Rents in the inner districts, which form the backbone of Budapest’s supply, rose by 2.6 percent over a year, while the most significant increase in the capital was in the transitional districts of Pest, at 5.0 percent, MTI reports. Compared to August last year, rents rose by 3.7 percent nationwide and 2.8 percent in Budapest. Compared to the low in January 2021, the average rent of apartments for rent in Budapest was about 9.8 percent higher, ranging between 7 and 13 percent per district.