Hungarians build more new homes in Q1-Q3

Sustainability

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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.

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