Hungarians build more new homes in Q1-Q3
Image by Pixabay
The number of newly built homes increased by 14% to a total of 5,307 in the first three quarters of the year compared to the equivalent period of 2015, Hungary’s Central Statistical Office (KSH) said today in a first release of data.
The total number of construction permits issued for new homes and simple declarations concerning the construction of new homes was 21,414, almost two and a half times higher than in the base period, the KSH added.
In the period, the number of homes built increased by 22% in Budapest, by 29% in towns of county rank, and by 5.9% in other towns, while falling by 4.9% in villages, the KSH said. The average floor area of homes put to use decreased by 6 square meters to 94 sqm, according to KSH data.
Based on new construction permits (declarations), 90% more, i.e. a total of 9,172 residential buildings are planned to be built, while the number of permits issued for non-residential buildings increased by 50% (4,989 units), the KSH added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.