Hungary’s new home construction booming in these regions
Change language:
Although new home projects are slowing down in most of the Hungarian cities, according to a Hungarian real estate portal, some regions see booming housing construction.
Otthon Centrum real estate portal has completed its first quarter evaluation of this year, penzcentrum.hu reports. According to the results, a total of 254 projects in cities with county rights in Hungary are in the process of building 6,000 apartments. The number of new projects launched this year is 39. According to Gábor Soóki-Tóth, head of analysis at Otthon Centrum, these figures indicate a decline. According to him, 8.6 percent fewer projects are currently under development, and 8.9 percent fewer apartments are being built in cities with county rights than in the same period last year.
Debrecen at the top
However, this downward trend is not present everywhere. In Debrecen, there are currently 49 housing projects underway, and this is the first such high number in three years. So far this year, a total of 9 new projects have been launched in the city. Debrecen is followed by Szeged with 32 projects, while Pécs is in third place with 23 projects. The top three cities are followed in order by Székesfehérvár, Kecskemét, Nyíregyháza and Győr. Hódmezővásárhely is at the bottom of the list. In Hódmezővásárhely, there is only one four-apartment building under construction. In smaller cities such as Baja, Esztergom, Dunaújváros or Salgótarján, no such projects are currently in progress.
Szeged leads in the number of new apartments with 956, while Debrecen has 783 apartments under construction. Nyíregyháza is in third place in terms of the number of apartments being built. Here, 650 new apartments are currently under construction as part of an investment project involving several hundred apartments.