There were 31,232 new home building permits in January-September 2006, and 18,800 new homes came onto the market. Alone in Budapest, the number of home building permits issued decreased 35.5% to 7,381 during the period, and the number of completed homes fell 34.6% to 4,756. The number of building permits has declined since late 2003 when the government placed restrictions on state-subsidized home loans. Observers add, however, that the home market has started showing signs of saturation.
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