The number of homes to be built decreased by 27% compared to Q1 2019. Based on issued construction permits and declarations, the number of planned dwellings stood at 7,032.
Nearly half (51%) of new dwellings are planned to be built in the capital. With the exception of a slight (1.1%) decrease in Budapest, the number of dwellings to be built decreased significantly in all settlement categories: by 50% in towns of county rank, by 41% in other towns and by 36% in villages.
According to KSH, builders used the simple reporting option in 37% of cases. This proportion was lowest in Budapest (4.5%) and highest in villages (95%).
In Budapest, 1,184 new dwellings were put to use, up 29% compared to Q1 2019. The number of homes completed rose in every settlement category: by 8.1% in towns of county rank, by 44% in other towns, and by 38% in villages. The proportion of dwellings built by individuals fell from 45% to 43%, while that of dwellings built by enterprises increased from 54% to 57%.
Some 48% of dwellings put to use in new residential buildings were in detached houses, 46% in multi-dwelling buildings, and 1.5% in resident’s parks.
The average floor-area increased to 96.5 sqm, up 0.5 sqm compared to the first quarter of last year.
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