Last time the rental prices fell this much was in 2020, there are also fewer rental apartments

In October, rental prices in Hungary decreased by 1.1% nationally and 1.3% in Budapest compared to September, marking the largest drop since December 2020. Despite this decline, rents are still higher than last year, with a slower annual increase of 5.5% nationally and 5% in Budapest. The decrease in rental prices is attributed to reduced attractiveness of real estate investments and declining yields, leading some investors to exit the market. Although the number of available rental properties has decreased, demand and tenant purchasing power limit price increases. The median rent in Budapest is now 255,000 HUF, down from 260,000 HUF last year. The supply of rental properties has increased since the start of the academic year but remains lower than last year, with a 9.4% decrease in Budapest.