More new build homes and a decline in construction sentiment
In the first half of 2018, 6,517 new dwellings were built, 30% more than a year earlier. Based on issued dwelling construction permits and simple declarations, the number of homes to be built fell by 8.9% to 18,066 compared to the first half of 2017.
In the first half of 2018, compared to the same period of the previous year:
30% more dwellings were built. Budapest and the villages showed an even larger 1.5-fold increase.
Dwelling construction saw no change in the even distribution between individuals and enterprises.
54% of dwellings built in new buildings were put to use in detached houses, 6.2% in residents’ parks and 36% in multi-dwelling buildings.
The average floor-area of homes put to use increased by 5 sq. m to 101 sq. m.
The total number of dwellings to be built based on issued dwelling construction permits and declarations decreased by an average of 8.9% to 18,066. Budapest saw a 27% fall, towns of county rank and villages a 3.5% drop, while other towns a 17% rise in the number of dwellings to be built. Builders used simple declarations in 42% of cases. This share was 7.1% in Budapest and grew higher moving towards lower level territorial units reaching 84% in villages.
Based on new construction permits (declarations), 1.8% less, i.e. a total of 6,717 residential buildings are planned to be built, while the number of permits issued for non-residential buildings decreased year-on-year by 16% to 2,033 units.
New dwelling construction permits and simple declarations, dwellings put to use and ceased
| Territorial unit | New dwelling construction permits issued (declarations) in the first half of the year | Number of dwellings put to use in the first half of | First half of 2018 as a percentage of the first half of 2017 | Number of dwellings ceased to exist in the first half of | |||||
|---|---|---|---|---|---|---|---|---|---|
| number | first half of 2018 as a percentage of the first half of 2017 | ||||||||
| 2017 | 2018 | of which: simple declarations | 2017 | 2018 | 2017 | 2018 | |||
| Budapest | 8 378 | 6 119 | 432 | 73.0 | 981 | 1483 | 151.2 | 165 | 117 |
| Towns of county rank | 4 260 | 4 111 | 1575 | 96.5 | 1507 | 1686 | 111.9 | 236 | 193 |
| Other towns | 4 382 | 5 130 | 3 270 | 117.1 | 1574 | 1 942 | 123.4 | 289 | 229 |
| Villages | 2 803 | 2 706 | 2 284 | 96.5 | 942 | 1406 | 149.3 | 195 | 116 |
| Total | 19 823 | 18 066 | 7 561 | 91.1 | 5 004 | 6 517 | 130.2 | 885 | 655 |
Methodological note: in accordance with Government Decree 456/2015. (XII. 29.) statistical data contain construction permits, simple declarations, put to use permits and official certificates concerning the put to use of buildings constructed on the basis of simple declaration.