Hungary Home Building Permits Rise 20 Pc In Q1
Budapest, May 5 (MTI) – The number of permits issued for new home construction rose an annual 19.6 percent to 1,654 in the first quarter of 2014, fresh data from the Central Statistical Office (KSH) show.
The permits were issued for a total area of 185,200 square metres, up 13.6 percent.
The number of new home completions jumped 50.7 percent to 1,692 in the first quarter of this year, though KSH notes that this number is still very low, remaining well below pre-crisis levels.
The number of permits issued for non-residential buildings rose by 29.4 percent to 1,145. Industrial buildings accounted for about 25 percent of the total. Farm buildings made up 21 percent and commercial buildings made up just 4 percent.
Hungary’s home construction market had contracted since around 2008. The number of home building permits issued in 2013 was just 17.2 percent of the level in 2008.
The number of homes built by families to dwell in accounted for 54 percent of the total in Q1 2014. Homes built for sale made up 45 percent of the total. Just 1.5 percent of new homes were built to rent.
Eighty-three percent of homes in Budapest were built by contractors in the period. Only 14 homes were built by local governments.
Photo:Â mecsekicsaladihaz.blogspot.com
Source: http://mtva.hu/hu/hungary-matters
please make a donation here
Hot news
Have the wages of manual workers skyrocketed in Hungary?
Orbán cabinet: ‘Witch hunt’ against Hungarian companies ongoing in Ukraine
What happened today in Hungary? – 22 April, 2024
New Hungarian president perfectly repeats the foreign policy guidelines of the Orbán cabinet
PM Orbán’s political director: EU now super state where independent viewpoints ‘are quashed’
Hungarian foreign minister: EU ‘preparing for world war’ in response to critical military situation in Ukraine