HCSO–ingatlan.com-rent index, October 2024

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HCSO–ingatlan.com-rent index

In October 2024, asking rents fell by 0.5% nationally, while in Budapest they rose by a modest 0.1% compared to the previous month. October rents were 8.5% higher nationally and 9.0% higher in Budapest than in the same period last year, and 111% and 103% 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. Compared with the previous month, the real rent index was 0.6% lower nationally, but did not change significantly in Budapest.

Budapest HCSO–ingatlan.com nominal rent index

On the Buda side of Budapest, rents fell by 1.0% in the Buda hill districts and by 1.8% in the other districts. On the Pest side, rents were flat in the inner districts, up 0.4% in the transitional districts and up 1.2% in the outer districts compared with the previous month. Over a year, asking rents increased by between 7.6% and 11.3% in the capital's district groups, with the largest increase in the outer districts of Pest.

Changes in the number of ads used in the calculations by type of settlement

In January-October 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 first ten months of 2024, 44% of the advertisements taken into account nationally and 43% in the capital were from individuals.

Expected next release: 11 December 2024


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Related data (HCSO Monitor)

HCSO-ingatlan.com rent index guide
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