The Renter Market in Hungary Before University Admissions
MTI – Econews
Friday July 16, 2021, 1:30 p.m.
Photo by Alla Simacheva / Shutterstock.com
The supply in the Hungarian home rental market exceeds demand by 20-30%, listed real estate broker Duna House said a week before the point thresholds for university admissions were announced, according to a report from the MTI news agency.
Duna House said rental rates have stagnated in recent months, but university enrollments for the fall semester could liven up the market a bit, but mainly for better quality apartments.
He said monthly rental rates for housing in Budapest currently average 150,000 to 165,000 HUF, but smaller apartments can be purchased for as little as 120,000 HUF. Rental rates in Debrecen, Hungary’s second largest city, average 115,000 HUF per month and around 110,000 HUF in Szeged, a university town in the south-east of the country.
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