by Property Forum | Residential

In 2020, 28,208 new dwellings were built in Hungary, 34% more than a year earlier, the Central Statistical Office (KSH) said. The annual figure is an 11-year high. Meanwhile, based on issued dwelling construction permits and simple declarations, the number of homes to be built decreased by 36% compared to 2019 to 22,556.

In 2020, 6,341 homes were built in Budapest, 8.6% more than in 2019. District 11 accounted for a third of Budapest housing construction and nearly a tenth of Hungary’s total housing construction.

The number of dwellings put to use increased in every settlement category.  The number of new dwellings increased by 55% in towns of county rank, by 31% in other towns, and by 45% in villages. Almost half of the strong growth in towns of county rank was provided by three settlements: Debrecen, Győr, and Szeged, with more than 1,000 new dwellings put to use in each.

Compared to 2019, the number of new dwellings more than doubled in the Northern Great Plain region, and grew strongly both in Southern Transdanubia (81%) and the Southern Great Plain (70%). Only two regions experienced decrease: Central Transdanubia and Northern Hungary, both down by 13%.

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The proportion of dwellings built by individuals increased from 41% to 47%, while that of dwellings built by enterprises fell from 57% to 52% compared to 2019.

52% of dwellings put to use in new residential buildings were in detached houses, 39% in multi-dwelling buildings and 5.9% in residential parks. Floor area averaged 98 sqm in homes put to use, up 1.4 sqm on 2019.

In 2020, the number of dwelling construction permits and declarations was remarkably lower than the number of dwellings put to use. The number of building permits was several times higher than that of new homes, a significant turnaround from previous years.

Housing construction sentiment decreased in all settlement categories. Moving towards smaller settlements, the decrease was smaller and smaller: in Budapest, the number of construction permits and declarations decreased by 48%, in county towns by 39%, in other cities by 32%, and in villages by 14%.

A total of 11,381 residential buildings are planned to be built, down 20%, issued new building permits show. 81% of them, a total of 9,265 units, are one-dwelling residential buildings.

4,023 permits were issued for non-residential buildings, down 3.4% on a year earlier.