Annual output expected to be 5% lower than in 2019
Still 38% below last May
Price competition increases as demand dwindles
Mammoth project with China now hidden from peering eyes
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
Transaction numbers down 58% yr/yr
Data for Q4 2019 available
Making quarantine harder
Rents also higher in central areas
Tourism not expected to resume before September
Wage support, exemption from contributions, protection of tenants
Alba Airport near Székesfehérvár to get upgraded
Reset VAT rate massacres projects
Why digitalisation is key?
Construction activity declines
And not just in Budapest
Gap is huge also at completed projects