The KSH says that in Q1-Q3 2019, a total of 10,302 new dwellings were built, about 0.8% more than a year earlier. Based on issued residential construction permits and simple declarations, the number of homes to be built grew by 2.7% compared to the corresponding period of last year, to 27,388.
During the first nine months, about 17% more homes were built in Budapest year-on-year. In towns of county rank and villages, the number of new dwellings completed slightly increased, while it fell notably (by 18%) in other towns.
In Pest County, the number of dwellings built continued to be outstanding, but decreased by 24% compared to Q1-Q3 2018.
The proportion of dwellings built by individuals decreased by 4 percentage points, from 48% to 44%, while that of dwellings built by enterprises grew from 50% to 53%. Some 55% of homes were built for sale, 42% for own use, and 1.6% for rental.
Some 49% of dwellings put to use in new residential buildings were in detached houses, while 43% were in multi-dwelling buildings, and 4.8% in residential parks. The average floor area of homes put to use fell by 3 square meters to 97 sqm.
According to residential construction permits and declarations, the number of dwellings to be built grew by 22% in Budapest, but decreased by 5.3% in county towns and by 12% in other towns. Builders used simple declarations in 45% of cases. This share was 6.6% in Budapest, increasing towards lower-level territorial units, and exceeding 92% in villages.
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