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HATC SAMPLE EDITION:
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13th March, 2025
Budapest home rental rates fall
Home rental prices in Hungary rose by just 0.2% month-on-month in February but shrank by 0.4% in Budapest, according to the latest KSH-ingatlan.com rent index.
Rental rates were 8.6% higher, year-on-year, nationwide and rose by 8% in the capital city.
The corresponding figures have risen by 117% and 105% respectively since the launch of the index in 2015.
“The modest decline in Budapest rental prices is primarily attributable to the more expensive Buda districts,” said Ingatlan’s chief economist Laszlo Balogh, adding that outer districts of Pest, with more affordable options, continue to see rising rental costs.
The cooling trend coincides with a substantial increase in rental property supply. Budapest’s available rental inventory has expanded by 21% in the preceding 12 months to nearly 11,000 units.
The 13th District leads with almost 1,500 properties available for rent, a 50% year-on-year increase.
The average rent in Budapest last month was Ft 250,000, unchanged from a year earlier.
Monthly rates in Debrecen were up 15% year-on-year to Ft 230,000, despite a 116% increase in supply.
The number of homes available for rent grew by 31% in Gyor, as the average home rental rate rose by 6% to Ft 191,000.
The lowest monthly rates were registered in Miskolc, Bekescsaba, Szolnok and Salgotarjan, at around Ft 125,000. (portfolio.hu; economx.hu; piacesprofit.hu; profline.hu; hirklikk.hu; hirado.hu)
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13th March, 2025
Hungary joins push for relief for EU chemical industry
Hungary, alongside seven other EU member states, is urging the European Commission to ease overly stringent rules on critical chemical materials to enhance the European chemical industry’s competitiveness, Portfolio writes.
The proposal, which seeks to reduce bureaucracy and hasten approval of new products, was submitted ahead of the March 12 meeting of the EU Competitiveness Council.
The joint declaration, led by France and supported by Italy, Spain, Hungary, the Czech Republic, the Netherlands, Romania and Slovakia, calls for the creation of a “Critical Chemicals Act,” modelled after the recently adopted Critical Raw Materials Act.
The declaration highlights the need to identify and prioritise strategically important chemical materials essential for the performance of key European industries.
The EU is the world’s second-largest chemical producer after China, but productivity fell by 12% between 2019 and 2023.
According to the European Chemical Industry Council report, the sector generated profits of euro 108.5 billion in France alone and euro 6.5 billion in Hungary in 2024, despite facing persistent competitiveness challenges since the pandemic. (portfolio.hu)
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