Home Building On The Rise
- 6 May 2016 9:00 AM
The number of home building permits issued in Hungary in the first quarter rose by an annual 100.1% to 4,765, data released by the Central Statistical Office (KSH) said. The number of home building permits issued in Budapest rose by 78% to 1,280. In county seats and cities with over 50,000 residents, the number climbed 145% to 1,296.
Late last year, Hungarian lawmakers lowered the VAT rate on home construction from 27% to 5% and eased rules for obtaining building permits. Around the same time, the government launched a home purchase subsidy programme for families with children.
Source: www.hungarymatters.hu
Republished with permission of Hungary Matters, MTI’s daily newsletter.
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