The number of new homes handed over nationwide fell 14.0pc to 7,490. Home completions in the capital dropped 9.1pc to 2,509. The number declined 33.0pc to 1,137 in county seats and cities with populations over 50,000, but edged up 1.5pc at 2,256 in smaller cities. In Hungary's smallest settlements, the number fell 21.7pc to 1,588.

Detached homes accounted for 50pc of completions. Homes in buildings with multiple dwellings made up 39pc of the total and homes in residential parks 8pc.

The average new home size was 94.7sqm.

The share of homes built by businesses stood at 65pc.

The data show 968 homes were demolished or condemned.

The number of home building permits issued jumped 37.1pc to 19,947. The number of permits issued for homes in the capital was 7,841, 131.2pc more than a year earlier. The number issued for homes in county seats and cities with populations over 50,000 increased 42.6pc to 4,419.

The number issued in smaller cities edged down 1.0pc to 4,294. In the country's smallest settlements, the number of home building permits issued slipped 8.8pc to 3,393.

Full report available here
 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

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