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Hungarian Real Estate Report
Emerging Markets Direct, November 2006, Pages: 7
The Hungarian Real Estate Sector Report offers an extensive summary of the most recent developments in the Hungarian real estate sector. The report includes a complete coverage of the latest developments as well as the latest corporate news accompanied by statistical data. Written by local analysts, it is a unique market and business intelligence analysis, tailored to save time by providing in-depth information, while helping you to make confident and informed business decisions. This report covers the period September 1, 2006 – November 30, 2006.
The number of dwellings completed decreased by 19.1% y/y to 18,800 in Q1-Q3, the latest data from the Central Statistical Office (CSO) revealed. The decline was matched by corresponding dynamics in the number of dwelling construction permits issued in Jan-Sep, which declined by 18.6% y/y to 31,232. The dynamics of both indicators was above all paced by the developments in Budapest, where the dwellings declined by 34.6% y/y, while the permits went down by 35.5% y/y. Looking at the breakdown, the number of construction permits issued for residential buildings decreased by 4.2% y/y in Q1- Q3, but the scope of the activities was much smaller as the useful floor area declined by much steeper 13.6% y/y.
Real Estate Investments
Non-Residential Real Estate
Residential Real Estate
- Orco Property Group
- Miller Developments
- Graphisoft Park