Construction Sector Output Up at 29% in December
- 16 Feb 2022 8:40 AM
- Hungary Matters
Output of the building segment increased by 32.7% and civil engineering output grew by 24.8%.
Output of the building segment increased by 32.7% and civil engineering output grew by 24.8%.
The number of homes completed in 2024 could approach 15,000, construction industry association ÉVOSZ said.
A surge of foreign investors may emerge in the Hungarian real estate market due to a new regulation, according to an analysis conducted by ingatlan.com.
Output of Hungary’s construction sector fell by 6.0% year-on-year in September, after edging down 0.1% in the previous month, data released by the Central Statistical Office (KSH) show.
The European Commission announced on Friday that a decision had been made to refer Hungary to the Court of Justice of the European Union (CJEU) regarding rules introducing fixed prices for building materials, hefty penalty payments for non-respect of these fixed prices, and production obligations for building materials and raw materials for the construction sector.
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