Construction in Hungary to speed up in 2012

Despite a very weak 2010 and a poor start to 2011, the Hungarian construction market will begin its recovery from 2012 onwards. Public infrastructure projects will be the main driver of this growth.
The first edition of the report “Construction sector in Hungary 2011 – Development forecasts for 2011-2013”, published by our company, suggests a moderately bright outlook for the construction market for the years 2012-2013. This will partially be as a result of the low comparative base rate that will result from a weak 2010-2011. In 2010, total construction output in Hungary fell by nearly 10%: the monetary value of construction output was just under HUF 1,800bn (€6.7bn).

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