Budapest's new home market contracts in H1

Sustainability

Budapest's home market contracted in the first half of 2006, according to figures published by the Central Statistics Office (KSH). The number of new homes put on the market in the capital in H1 fell 21% to 3,635 compared to the same period a year earlier, KSH said in a report today. In H1 2005, the number of new homes put on the market in Budapest rose 15.5% yr/yr. Most of the homes that were put on the market in H1 2006 were small or mid-size, however the number of homes with four or more rooms rose 28% from H1 2005 to account for one-fifth of the total. The number of home building permits issued for Budapest was 5,167 in the first half of 2006, 32% fewer than in the same period a year earlier. The number of new homes put on the market in the communities surrounding Budapest fell by a lesser extent than in the capital, slipping 11% to 2,291 during the period. In these communities, homes with four or more rooms accounted for 58% of all new homes coming onto the market. The number of home building permits issued in these communities during the period rose 2.1% to 4,274. (Econews)

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.