Rental prices have risen in Hungary: The average rent in Debrecen is now 220,000 forints
New data has been released on the Hungarian rental market, showing a significant increase in prices. According to national statistics, rental fees in Hungary have risen by an average of 5.2 percent over the past year, placing a serious burden on those looking for apartments.
In the capital, Budapest, the rate of growth was slightly slower, with prices increasing by 4.7 percent compared to the previous year. Although the scale of the price hike varies across different regions, the trend is clearly upward everywhere.
Debrecen has received particular attention, where rental fees have reached a monthly average of 220,000 forints. Due to the city's popularity and economic development, the rental market remains active, but the rate of growth appears to be slowing down, similar to the national average.
When taking inflation into account, real rental prices have increased by 3.4 percent. This means that the rise in housing costs continues to exceed the rate of general price inflation, which makes the situation more difficult for tenants.
According to experts, despite the slowing market growth, high prices will remain a defining factor. Future changes will largely depend on the economic environment and the development of supply in major cities.