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Completed homes drop 34%, home building permits down 37% in January-September

The number of completed new homes in Hungary for which permits to use were issued declined 34.2% from a year earlier to 13,340 in the first three quarters of 2010, the Central Statistics Office (KSH) said on Wednesday

 

The number of building permits issued for homes fell 37% yr/yr to 14,188 in January-September 2010.

The number of completed new homes in Hungary with permits issued dropped 11% to 32,000 in 2009. The number of building permits issued for homes fell 35% to 28,400, an 11-year low, in 2009.

Permits issued in the first three quarters for the construction of residential buildings were for a total useful space of 1.353 million square meters, 37.4% less than a year earlier, KSH said. (MTI Econews)