Fewer Home Building Permits Issued in Hungary
- 5 Nov 2024 3:19 PM
The number of home building permits issued in Hungary edged down 2.3pc year-on-year to 14,551 in Q1-Q3, data released by the Central Statistics Office (KSH) on Tuesday show.
The number of permits issued for homes in the capital plunged 33.5pc to 3,391 while the number issued for homes in county seats and cities with populations over 50,000 rose 7.1pc to 3,099.
The number issued in smaller cities climbed 14.5pc to 4,339. In the country's smallest settlements, the number of home building permits issued increased 19.6pc to 3,722.
The number of home completions fell 19.4pc to 8,709. Home completions in the capital dropped 14.6pc to 2,761. The number declined 14.7pc to 1,696 in county seats and cities with populations over 50,000 and was down 29.6pc at 2,223 in smaller cities. In Hungary's smallest settlements, the number decreased 16.4pc to 2,029.
Detached homes accounted for 53pc of completions. Homes in multi-storey buildings with multiple dwellings made up 42pc of the total and homes in residential parks 2pc.
The average new home size was 99sqm.
The share of homes built by businesses stood at 58pc.
The data show 1,063 homes were demolished or condemned in H1.
Full report available here
Source:
MTI - The Hungarian News Agency, founded in 1881.
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