Home construction up 30%, new permits down 27%


Some 4,775 new dwellings were built in Hungary in the first quarter of 2020, up 30% compared to the same period a year earlier, but the number of dwelling construction permits and simple declarations fell, according to data by the Central Statistical Office (KSH).

The number of homes to be built decreased by 27% compared to Q1 2019. Based on issued construction permits and declarations, the number of planned dwellings stood at 7,032.

Nearly half (51%) of new dwellings are planned to be built in the capital. With the exception of a slight (1.1%) decrease in Budapest, the number of dwellings to be built decreased significantly in all settlement categories: by 50% in towns of county rank, by 41% in other towns and by 36% in villages.

According to KSH, builders used the simple reporting option in 37% of cases. This proportion was lowest in Budapest (4.5%) and highest in villages (95%).

More homes built in all settlement types

In Budapest, 1,184 new dwellings were put to use, up 29% compared to Q1 2019. The number of homes completed rose in every settlement category: by 8.1% in towns of county rank, by 44% in other towns, and by 38% in villages. The proportion of dwellings built by individuals fell from 45% to 43%, while that of dwellings built by enterprises increased from 54% to 57%.

Some 48% of dwellings put to use in new residential buildings were in detached houses, 46% in multi-dwelling buildings, and 1.5% in resident’s parks.

The average floor-area increased to 96.5 sqm, up 0.5 sqm compared to the first quarter of last year.


Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


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.