A recent report from Budapest Invest highlights significant challenges for short-term rental properties in Budapest, especially in the 6th district. New regulations, including a complete ban on short-term rentals in this area and substantial tax increases, are expected to make Airbnb-style rentals unprofitable by 2026. These changes come as the city aims to regulate the housing market and address concerns about the impact of tourism on local communities.
The report suggests that investors, particularly those from the DACH region (Germany, Austria, Switzerland), should carefully reconsider their strategies when investing in Budapest’s real estate market. The new rules could reduce the appeal of short-term rentals, pushing investors to explore other types of property investments or longer-term rental options.
Why this matters:
These developments signal a shift in Budapest’s housing market, affecting both property owners and tourists. Understanding these changes is important for investors and renters alike, as they will influence the availability and profitability of short-term rental accommodations in the city.
Source: NewsData