Home Building Permits Rise 18% In H1 In Hungary
- 30 Jul 2014 9:00 AM
The number of permits issued for new home construction rose by 17.9% to 4,009 in the first half of 2014, fresh data from the Central Statistical Office (KSH) show. New permits were issued for a total area of 453,000sqm, up 13.9%. The number of new home completions rose 21.8% to 3,265 in the first half of this year.
KSH noted that this number was still very low, remaining well below pre-crisis levels. Hungary’s home construction market contracted every year between 2005 and 2013 except for the year 2007.
The number of new homes built by families to dwell in accounted for 55% of the total in H1 2014.
Homes built for sale made up 42% of the total. Just 3% of new homes were built to rent.
Source www.hungarymatters.hu
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