Market in countriside more vibrant than in Budapest
Nearly 30,000 homes completed last year
Gov't satisfied with home constructions
Building permits indicate slowdown this year
Half of new homes built in Budapest and Pest county.
Preferential VAT rate on sale of new residential properties remains in effect until end-2023.
Will the housing market get over shock of VAT rate reset?
Willingness to build starts to wane.
Here are the latest statistical data.
Number of building permits looks fine, but number of dwellings built fails to reflect growth.
Number of construction permits jump.
Homes have never been more expensive in Hungary.