KSH: Construction permits up, built dwellings down in Q1-Q3

Industrial

Although the number of residential construction permits issued was 24% more, at 8,616 in the first three quarters, than in the same period a year earlier in Hungary, the number of built dwellings was 9.5%, down to 4,657 in the period, Hungary’s Central Statistical Office reported yesterday.

Outside the capital the number of dwellings being built decreased by 9.5%, while in Budapest that number fell by 21%, however, it increased by 15% in towns of county rank, KSH reported.

“The 8,616 new residential construction permits issued were 24% higher than in the corresponding period of the previous year; in Budapest 73% more housing construction was approved than a year earlier,” KSH said.

In reference to the purpose of constructed homes, 54% were built for own use and 43% for sale, KSH said. The average floor-area of homes put to use was 100 sqm, 2  sqm less than a year ago, KSH added.

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