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Decreasing amount of home building permits issued in 2018
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The number of home building permits issued in the first half of 2018 fell by 8.9 percent from the same period a year earlier, to 18,066, the Central Statistical Office (KSH) said on Monday.
The number of home building permits issued in Budapest dropped by 27 percent to 6,119. The number issued in county seats and cities with over 50,000 residents went down by 3.5 percent to 4,111. The number in other cities was up by 17.1 percent at 5,130 while it was down by 3.5 percent in smaller settlements at 2,706.
The number of completed homes increased by an annual 30.2 percent to 6,517 in January-June.
The number of these homes in Budapest rose by 51.2 percent to 1,483. The number in county seats and cities with over 50,000 residents increased by 11.9 percent to 1,686 and the number in other cities was up by 23.4 percent at 1,942. Smaller settlement saw a rise of 49.3 percent to 1,406.
Out of newly constructed completed homes 54 percent were detached family houses, 36 percent were in buildings with multiple homes and 6.2 percent in gated communities.
Demand is there, labor shortage, low wages, one or two of them will have to go…