Housing conditions have a significant impact on quality of life. Housing statistics deal with the following areas: state of housing, trends in housing construction, real estate market processes, state of home lending.
Number of dwellings built
Number of dwellings put to use during the given period.
Last data for period: Q4 2020
Aggregated housing price index
Changes in the housing market price level, 2015 = 100.0%
Last data for period: Q3 2020
Number of home building permits and declarations issued
Change in the number of dwellings to be built on the basis of building permits issued and simple announcements.
Last data for period: Q4 2020
Stock of home loans
Change in the total amount of home loans at the end of the reference period compared to the same period of the previous year.
Last data for period: 1st half 2020
Mainly the second-hand housing market was affected by the first two waves of the epidemic. Housing market turnover recovered after 2014, peaked in 2019 and fell 13% year-on-year in 2020, mainly due to a drop in second-hand home sales in Q2. The rapid rise in house prices that had been continuing until 2019 also slowed down, with the price indices for new and second-hand dwellings splitting as the former continued to rise at the same pace as in previous years.
Building permits for more than one and a half times the floor area of a year earlier were granted in March 2021. Among the building types, non-residential buildings were the main contributor to the upturn in construction, with the floor area permitted rising to 2.3 times the very low base of March last year. For residential buildings as a whole, the increase was more modest, as the significant increase at single-family dwellings was offset by a decline at multi-family dwellings.
Similarly to the previous month, rents increased to a minimum extent in March, too: by 0.5% nationally and by 0.8% in Budapest over a month. The decreasing tendency measured in the previous year had stopped this January, and started to increase to a small extent in February. In March, the change of rents in Budapest was basically due to the rising rental prices of apartments in the internal and transitional districts of Pest.
Metropolitan apartment buildings predominate, Dwelling construction, construction permits, Quarter 1 2021
In the first quarter of 2021, 6,153 new dwellings were built, 29% more than a year earlier. The number of homes to be built based on issued dwelling construction permits and simple declarations was 6,946, 1.2% fewer than in the same period of 2020.
It is particularly important to present, in addition to our regular and detailed publications, the current situation of the areas most affected by the pandemic with flash estimates using a limited information base. Our WEEKLY MONITOR presents the economic and social impacts of the pandemic through daily, weekly and monthly updated preliminary data as a collection of interactive diagrams.
On 1 January 2021, Hungary's housing stock consisted of 4 million 501 thousand dwellings, which increased by almost 27 thousand in 2020 as the balance of dwellings built and ceased. Budapest, Pest and Győr-Moson-Sopron, which have a significant share of the real estate market, continued to contribute the most to the accelerating growth since 2016. Housing density was further reduced by the growing housing stock and the declining population, especially in Budapest.
In parallel with improving housing construction sentiment, construction costs grew further by 11% in 2020 compared to a year earlier, due to rising labour and material costs. Cost increases have not been so rapid since 2001. Rising average earnings in construction and growing raw material prices have raised housing construction costs by almost 40% between 2016 and 2020 during the current housing boom. Growth in housing construction costs has accelerated since 2017.
Housing loans totalled HUF 3.8 thousand billion on 30 June 2020, 4.3% more than at the end of 2019, and accounted for 8.1% of GDP. Authorizations and disbursements were both down by 16% in number in the first half of 2020 compared to the same period of the previous year. Home loans continued to be dominated by loans for purchasing second-hand homes. CSOK grants disbursed were more than one and a half times higher in volume than a year earlier.
The yearbook is a data compilation on construction permits and simple declarations, dwelling constructions and cessations, housing stock, housing market and the management of municipalities. Data on average construction costs and the main figures of housing loans as well as data of dwellings purchased by the National Asset Management Company are also available here.
- Living conditions
- Environment, public utilites
- Government finance
- Population and vital events
- Regional statistics
- Income and consumption
|Latest release||Next release|
|Dwelling construction, construction permits, quarter 1 2021||05/05/2021||29/07/2021|
|National regional data||Population census 2011|
|2. Main characteristics of the population and the dwellings||Microcensus 2016|