According to data published by the Hungarian Central Statistical Office (KSH) at the end of February, the housing market boom which began in 2015 is set to continue in 2017. The number of dwellings completed in 2016 was up by 31 percent compared to 2015, and the combined number of building permits and declarations was more than two-and-a-half times higher than that of 2015. The dynamic growth in dwelling constructions may add as much as 0.4-0.5 percent to Hungary’s GDP, but dwelling construction costs are also predicted to rise further.

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(Ministry for National Economy)