The Hungarian residential rental property market continues to be a mixed bag based on current asking prices, according to the latest monthly survey of real estate portal ingatlan.com, which presents the latest joint rent index of ingatlan.com and the Central Statistical Office (KSH) for March and summarises the supply and average rent as of the end of April based on 40,000 ads.
According to the KSH-ingatlan.com Rent Index, March rents were 0.5% higher in March than a month earlier, with the average rent increasing by 0.8% in Budapest. "The increase in rents in March was minimal and does not signal a sustained rise. All the more so since current rent levels are 1.6% lower nationwide and 2.2% lower in Budapest than they were last April, when the market took a sharp turn due to the coronavirus pandemic," László Balogh, Chief Business Expert at ingatlan.com, said evaluating the latest data.
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