Rents continued to rise in June 2021, increasing by 1.6% nationally and by 1.8% in Budapest compared to the previous month, the latest KSH-ingatlan.com rent index shows. Supply prices were also slightly higher than in the same period last year, something not seen for more than a year. Of all the district groups in Budapest, prices stagnated only in the outer districts of Pest, while the largest price increase (2.8%) on the previous month was recorded in the transitional districts of Pest.
Rents fell significantly from August 2020 until the end of the year and then started to rise steadily from the beginning of 2021.
In June 2021, rents rose by 1.6% nationally and by 1.8% in Budapest compared to the previous month.
For the first time in more than a year, prices were up, albeit only marginally, compared to the same month of the previous year: renting was 0.4% more expensive nationally and 0.1% more expensive in the capital. In June 2021, the national index was 134% of the 2015 base period, while the index for the capital was 127%.
Prices rose in all district groups of the capital: rents increased by 0.8% in the hilly districts of the Buda side and by 1.9% in the other districts of Buda compared to the previous month. On the Pest side, rents rose by 1.8% and 2.8% respectively in the inner and transitional districts, while in the outer districts of Pest they increased by just 0.2%.
Overall, prices in Budapest are up by around 5.9% compared to the low in January 2021.
Compared to the same period last year, only the inner districts of Pest remained below the price level of June 2020, with asking rents 1.7% lower. Compared to a year earlier, the price increase was highest in the Buda hill districts, at around 2.0%.
