Budapest's short-term rental crackdown is reshaping the housing market. After Terézváros banned Airbnb listings in January, the district saw a sixty percent decline in short-term rentals within one year. Simultaneously, long-term rental supply increased by thirty-four percent and rental prices stabilized. This pattern is spreading across Budapest's inner districts as municipalities implement similar restrictions. Currently, nearly ten thousand apartments operate as short-term rentals citywide, with over eighty percent concentrated in six central districts. The income gap remains significant: Airbnb units generate roughly double the monthly revenue compared to traditional rentals. However, a 2026 moratorium on new short-term rental licenses is accelerating the shift back to long-term leasing.
