Experimental statistics

Asking rents rose by 0.5% in August 2024 nationally, while they were flat (+0.1%) in Budapest compared with the previous month. August rents were 9.9% higher nationally and 9.1% higher in Budapest than in the same period last year, and 113% and 102% higher than in the base period of 2015.

The real rent index exceeded the 2015 base by 28% nationally and by 22% in the capital. Due to the stagnation of the CPI, the change from the previous month is in line with the nominal index: up by 0.5% nationally and by 0.1% in Budapest.

Asking rents in Budapest increased year-on-year by 2.8% in the Buda hill districts and fell by 1.5% in the other districts of Buda, following a 3.0% increase in the previous month. In the inner and outer districts of the Pest side, rents rose by similar amounts, 0.5% and 0.4% respectively, while in the transitional districts they fell by 0.2%. Over a year, rent increases in the capital district groups ranged between 8% and 11%, with the largest increases in the outer districts of Pest.

In the first eight months of 2024, the vast majority (92%) of the advertisements observed were for flats in multi-dwelling buildings, with the remaining 8% or so for detached houses. In Budapest, only 3.4% of dwellings for rent were detached houses. In the period January-August 2024, 44% of the advertisements taken into account nationally and 43% in the capital were from individuals.

Expected next release: 14 October 2024

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Tables
Related data (HCSO Monitor)

HCSO-ingatlan.com rent index guide
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