Rise in Hungarian rents comes to a halt

In Budapest, rents rose by 0.5% in the Buda hill districts and fell by 0.3% in the other districts on the Buda side compared with the previous month.

Rents rose by 0.4% in the inner districts on the Pest side and by 0.2% in both the transitional and outer districts. Over a year, the highest increase was in the Buda hill districts (10.6%) and the lowest in the outer districts of Pest (9.8%).

The real rent index exceeded the 2015 base by 28% nationally and by 22% in the capital.

Compared with the previous month, the real wages index was broadly unchanged nationally, while in Budapest it rose by 0.5%.

In the first nine months of 2024, the vast majority (92%) of the advertisements observed were for dwellings in multi-apartment buildings, with the remaining 8% or so for detached houses.

Only 3.3% of dwellings for rent in Budapest were detached houses. Of the advertisements taken into account in the period January-September 2024, 44% were from private individuals nationally and 43% in the capital.

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