KSH: Construction permits up, newly built homes down
pixabay
Although the number of construction permits issued for residential dwellings was up 30%, to 12,515 in 2015, as compared to the previous year, the number of dwellings that were actually built was down 9% to 7,612, Hungary’s Central Statistical Office (KSH) said today.
The number of dwellings constructed was down 4% in Budapest, while the number of residential construction permits issued in the capital saw a 73% increase, KSH said.
The proportion of dwellings built by individuals remained unchanged at 59% and dwellings built by enterprises was 39%, while 55% of homes were built for own use and 41% for sale, KSH said.
KSH data show that the average floor-area of homes put to use was 101 sqm, the same as one year earlier.
ADVERTISEMENT
MNB Monetary Council Leaves Base Rate on Hold
Hungarian Lawmakers Ratify Finland's NATO Accession
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.
