The number of newly-built housing units in Hungary declined by 16.6% y/y to a record low of 10,560 in 2012, the statistics office said in a statement. The contraction follows a 38.2% annual drop in 2011. Budapest saw the sharpest decrease of 48.4% y/y in newly-built units in 2012. The number of new homes in other towns and villages declined 11% y/y and 16.3% y/y, respectively. On the other hand, new units in county towns saw a 18.3% y/y increase, which only partly offset the drop in the former three categories. The number of construction permits for residential buildings fell by 12% y/y to 6,099 in 2012. They envisaged a total useful floor area of 1.15mn square meters, down by 11.8% y/y. In contrast, the number of permits for non-residential buildings increased by 17.3% y/y to 6,142 in 2012, while the aggregate useful floor area for this type of permits grew by 18.1% y/y to 2.71mn square meters. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more