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 "Hungary's construction industry output contracted by 13.5% year on year in January, according to both unadjusted and working day-adjusted figures, the Central Statistics Office (KSH) has reported on Thursday. The decline is more dramatic than in December 2009 (-6.2%). Following a massive drop in Dec, however, new orders rose substantially. more » One of the biggest decisions and undertaking in life is purchasing a new property. The reason can be either moving to a new home or buying a property with the aim of investment. However only a few of us are aware of the necessary terms and conditions of a real estate sale and purchase contract required by law. In Hungary legal representation is obligatory in the land registry proceeding. Despite this fact many people sign offers and preliminary contracts for the desired real estate without legal advise. more » "Authorities issued 28,400 new home construction permits in 2009, a decline of 35%, the Central Statistics Office announced. more » "Construction industry output was down 6.2% year-on-year in December, less drastic than the 14.2% figure in November, the Central Statistics Office reported. more »|
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