Moderate expansion in the housing market, higher growth in Budapest
In the first three quarters of 2019, 10,302 new dwellings were built, 0.8% more than a year earlier. Based on issued dwelling construction permits and simple declarations, the number of homes to be built increased by 2.7% to 27,388 compared to the same period of 2018.
In the first three quarters of 2019, 17% more homes were built in Budapest. In towns of county rank and villages, the number of new dwellings completed slightly increased, while it fell considerably (by 18%) in other towns. In Pest County, the number of dwellings built continued to be outstanding, but decreased by 24% compared to the same period last year.
The proportion of dwellings built by individuals fell from 48% to 44%, while that of dwellings built by enterprises increased from 50% to 53%;
55% of homes were built for sale, 42% for own use and 1.6% for rent.
49% of dwellings put to use in new residential buildings were in detached houses, 43% in multi-dwelling buildings and 4.8% in resident’s parks.
The average floor-area of homes put to use decreased by 3 sq. m to 97 sq. m;
According to dwelling construction permits and declarations, the number of dwellings to be built grew by 2.7% nationally, increasing by 22% in Budapest and decreasing by 5.3% in county towns and by 12% in other towns. Builders used simple declarations in 45% of cases. This share was 6.6% in Budapest and increasing towards lower level territorial units it exceeded 92% in villages.
Based on new construction permits (declarations), 5.6% more, i.e. a total of 10,900 residential buildings are planned to be built, while the number of permits issued for non-residential buildings was 3,168, 1.8% less than a year earlier.
New dwelling construction permits and simple declarations, dwellings put to use and ceased
| Territorial unit | New dwelling construction permits issued (declarations) in the first three quarters of the year | Number of dwellings put to use in the first three quarters of | First three quarters of 2019 as a percentage of the first three quarters of 2018 | Number of dwellings ceased to exist in the first three quarters of | |||||
|---|---|---|---|---|---|---|---|---|---|
| number | first three quarters of 2019 as a percentage of the first three quarters of 2018 | ||||||||
| 2018 | 2019 | of which: simple declarations | 2018 | 2019 | 2018 | 2019 | |||
| Budapest | 8 219 | 10 031 | 667 | 122,0 | 2154 | 2523 | 117,1 | 179 | 184 |
| Towns of county rank | 6 091 | 5 771 | 2673 | 94,7 | 2730 | 2871 | 105,2 | 318 | 236 |
| Other towns | 7 794 | 6 835 | 4 644 | 87,7 | 3173 | 2 609 | 82,2 | 420 | 374 |
| Villages | 4 551 | 4 751 | 4 385 | 104,4 | 2161 | 2299 | 106,4 | 199 | 241 |
| Total | 26 655 | 27 388 | 12 369 | 102,7 | 10 218 | 10 302 | 100,8 | 1 116 | 1035 |
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.