Annual output expected to be 5% lower than in 2019
Price competition increases as demand dwindles
There were no orders for two months
Another 83 billion forints this time
Outlook is not too bright, though
If decline persists for six months, construction output could drop 15% at current prices
Office building market is also under pressure in coronavirus crisis
National federation urges tighter rules on cancelling public contracts
Newly completed homes still up by 30% yr/yr
Short-term outlook remains stable
Not the impact of the coronavirus yet
Reset VAT rate massacres projects
Why digitalisation is key?
Construction activity declines
And not just in Budapest
Gap is huge also at completed projects
Gov't satisfied with home constructions
Building permits indicate slowdown this year
PwC survey identifies costs, availability of assets as major fears
2019 volume growth still above 21%