Hungary: Decrease in Home Construction

Industrials › Construction ♦ Published: November 5, 2012; 15:18 ♦ (Vindobona)

In the first nine months of 2012, 6509 new dwellings were built, 20 percent fewer than a year ago.

Hungary: Decrease in Home Construction / Picture: © Vindobona.org

The number of dwelling construction permits was 7794, which was a 12 percent decline compared to the data January–September 2011. The main characteristics of housing construction show considerable regional differences. In Budapest, home construction decreased by 58 percent, which was well above the average. The number of dwellings, both constructed by enterprises and built for…

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