The number of new homes handed over nationwide fell 9.3pc to 12,062. Home completions in the capital dropped 14.3pc to 3,949.

The number declined 25.7pc to 1,900 in county seats and cities with populations over 50,000, but increased 8.9pc to 3,423 in smaller cities. In Hungary's smallest settlements, the number fell 6.6pc to 2,790.

Detached homes accounted for 51pc of completions. Homes in buildings with multiple dwellings made up 39pc of the total and homes in residential parks 7pc.

The average new home size was 96sqm. The share of homes built by businesses stood at 64pc. The data show 1,554 homes were demolished or condemned.

The number of home building permits issued jumped 37.0pc to 28,081. The number of permits issued for homes in the capital surged 56.0pc to 10,959.

The number issued for homes in county seats and cities with populations over 50,000 increased 56.4pc to 5,956.

The number issued in smaller cities rose 18.0pc to 6,311. In the country's smallest settlements, the number of home building permits issued climbed 12.6pc to 4,855.

See full report 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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