Budapest's most affected district is the 6th District, which has become the fifth most expensive district in Budapest over the years. Housing price growth was 15%, so it's worth over half a million forints per square meter for those who want to buy an apartment in the district. Of course, it may well seem to be a good investment to buy real estate for short-term residences in frequented neighbourhoods - however, newbie regulations may not make Airbnb a profitable one anymore.
District 6 has felt the dissatisfaction of its residents and has adopted a new law, which means that after 1 January 2018 a one-time, 1.5 million HUF parking space fee must be paid for every extra room in the Airbnb-type house letting. Previously, there was an example of charging a fee paid for the redemption of a parking space, as limited parking lots and increased number of homes required this regulation. However, here short-term home-purchase schemes have been targeted.
For a short-term home purchase, a small apartment counts the following costs: renovation fee (average 2-3 million HUF) and a one-time charge of 1.5 million forints. This can extend the return on investment for up to 1 year.
According to experts, newer and newer tightening regulations may be issued in the future, which would result in that investors target other districts for short-term rentals, so their number will not change, only spread to other districts. However, it is also worthwhile to expect that instead of Airbnb, many will turn to long-term, less time-consuming, less risky and faster-paying home-purchase schemes.