Situation
This 65 m², one-bedroom apartment in Jókai tér, District VI, located in a classical building and renovated three years ago, remained empty for 7 weeks while the owner tried to rent it independently.
In this part of the city, similar apartments typically rent within 1–2 weeks.
The problem
The apartment was listed at €820/month, slightly above where similar properties were actually renting at the time.
During those 7 weeks, the owner personally showed the apartment to 13 different applicants, but none of them made an offer.
This led to growing frustration and an estimated €1,300–€1,400 in lost rental income.
What we did
We reduced the rental price to match what similar apartments were actually renting for and improved how the apartment was presented to reflect what tenants were responding to.
We handled all enquiries and focused viewings only on applicants who were ready to make a decision, avoiding unnecessary delays.
The result
The apartment moved from no serious offers in 7 weeks to a signed lease within 6 days, at €750/month plus expenses.
Only 3 viewings were needed to secure a tenant a German expat professional who signed a 2-year lease agreement.
Why it worked
In central Budapest, pricing in the first days of a listing has a major impact on how quickly a property rents.
If the price is slightly too high, tenants move on quickly and interest drops. Once the price was corrected, the right tenants responded immediately and the process moved forward without delays.
Client perspective
"After 7 weeks of trying to rent the apartment myself with no success, City-Lets found a tenant within days and secured a long-term lease. I only wish I had contacted them earlier."
Final insight
In central locations like District VI, getting the pricing right early is often the difference between a property renting in days, or sitting empty for weeks and reducing overall return.