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Hungary: Sharp Decline in Dwelling Construction
In 2012, 10560 new dwellings were built, 17 percent fewer than in the previous year. The number of dwelling construction permits was 10600, a 15 percent decline compared to the data of 2011.
Hungary: Sharp Decline in Dwelling Construction / Picture: © Vindobona.org
In Budapest, these figures fell even more sharply by 48 and 32% respectively. Within new home construction, the proportion of those dwellings, which were built by enterprises or put up for sale, continued to decrease. However, the proportion of those dwellings, which were built in family houses or had a larger floor area, increased in connection with…
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