Completed homes drop 35%, home building permits down 36% in January-June

Sustainability

The number of completed new homes in Hungary for which permits to use were issued declined 35.2% to 5,585 in the first half of 2011, the Central Statistics Office (KSH) said on Friday.

The number of building permits issued for homes fell 35.9% from a year earlier to 5,877 in January-June 2011.

The number of completed homes fell at a similar rate than between the first half of 2009 and 2010 while the drop of newly issued building permits slowed, KSH noted.

Permits issued in the first half for the construction of residential buildings were for a total useful space of 625,000 square meters, 30.8% less than a year earlier, KSH said.

The number of completed new homes in Hungary with permits issued dropped 35% to 20,823 in 2010. The number of building permits issued for homes fell 39% to 17,353 in 2010, earlier KSH figures show.

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