Temporary Slowdown in Foreign Tenant Activity
As the Hungarian National Directorate-General for Aliens Policing (Immigration Office) announced that processing of immigration applications will be suspended (Between January 1, 2024 and February 29, 2024), there has been a noticeable decrease in the tenant activity of third-country - non-EU - nationals in the real estate lease market.
This situation has created a unique opportunity for those looking to secure rental properties, as the reduced demand is putting downward pressure on rental prices.
This presents a favorable environment for negotiations with potential discounts up to 15%, especially for premium properties in the 2500 - 3000 EUR range.
Seize the Opportunity for Negotiation
Given the current circumstances, there is a window of opportunity for tenants to engage in negotiations and secure favorable lease terms. Whether your fellow colleague or you're a prospective tenant or an existing one looking to renew your lease, now is the time to explore potential cost savings and flexible arrangements.
Anticipated Surge in Demand in Mid-March
It's important to note that come mid-March, a significant surge in demand is expected as the Immigration Office is anticipated to reopen.
This surge may lead to a rapid increase in rental prices, making it imperative for tenants to make faster decisions as properties are likely to be quickly snatched up.
We advise our clients to act swiftly now when it comes to leasing or renewing their properties. Being proactive in this market can make all the difference, ensuring that you secure the ideal property at the most favorable terms.
We advise our clients to act swiftly now when it comes to leasing or renewing their properties. Being proactive in this market can make all the difference, ensuring that you secure the ideal property at the most favorable terms.
We understand that in business situations as leasing, it is crucial to make informed decisions and we are here to assist you every step of the way. Should you have any questions or require further information, please do not hesitate to reach out to our team.
Thank you for your continued trust in Start Home Budapest!
Thank you for your continued trust in Start Home Budapest!
Budapest, II. district (18492)
Be the First Tenant of this Luxurious Gem!
Be the First Tenant of this Luxurious Gem!
Budapest, II. district (18100)
Duplex Property w/ Double Garage Close to International Schools
Duplex Property w/ Double Garage Close to International Schools
See What Else We Have to Offer!
If you require any further information, feel free to contact us!
Dankóné Bondár Judit
+36 20 935 0018
judit@starthomebudapest.hu
Kovács András
+36 30 990 2579
andras@starthomebudapest.hu
Budai Sándor
+36 20 933 3907
b.sandor@starthomebudapest.hu
We're ready to send you our tailor-made property offer within 2 hours upon your Offer Request.