About 20% of homeowners plan renovations

Residential

Shutterstock.com

Around 20% of Hungarian homes could undergo renovation in the coming year, a representative survey of homeowners by economic research company GKI and building materials company Masterplast shows, according to a report by state news wire MTI.

The survey, conducted quarterly, suggests some 820,000 homes could be renovated in the next twelve months, 110,000 more than in the previous quarter and 280,000 more than in the same period a year earlier.

Around 3.9% of respondents said they are "certain" to renovate and 16.1% said they would "probably" renovate in the next year.

ADVERTISEMENT

Companies Borrow HUF 256 bln in October Banking

Companies Borrow HUF 256 bln in October

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Mahart Container Center Depot Opening at Budapest Airport Transport

Mahart Container Center Depot Opening at Budapest Airport

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.