Number of building permits granted declined in February to April 2022 year-on-year

release 21/06/2022 | Building and dwelling production 2022, April

According to Statistics Finland, building permits were granted in February to April 2022 for a total of 10.2 million cubic metres, which is over one fifth lower than in the corresponding period one year ago. Cubic metres covered by permits for residential buildings amounted to 3.2 million, while one year earlier, the figure was 4.1 million.

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Cubic volume of building permits granted for newbuilding decreased by 21 per cent in February to April 2022 year-on-year.
The cubic volume of residential building projects started was five per cent lower in February to April 2022 than twelve months earlier.
The cubic volume of completed building projects was 13 per cent higher in February to April 2022 than one year earlier.

Volume of residential building showing steady growth

The constant-price value or the volume of ongoing building production increased by 11 per cent in February to April 2022 year-on-year. The volume of residential building construction increased by 16 per cent and that of other than residential building construction by six per cent from one year earlier.