Decrease in cubic volume of granted building permits accelerated in February to April from one year ago
release | Building and dwelling production 2023, AprilAccording to Statistics Finland, building permits for newbuilding were granted in February to April 2023 for a total of 6.3 million cubic metres, which was 47 per cent less than one year ago. The cubic volume of building projects started and completed decreased by 24 per cent from one year ago.
Key selections
- The cubic volume of building permits granted for residential building construction decreased in February to April 2023 by 54 per cent year-on-year.
- In February to April 2023, building permits were granted for 4,675 dwellings, which was 58 per cent fewer than one year earlier.
- The constant-price value or the volume of ongoing building production decreased by 10.2 per cent in February to April 2023 year-on-year.
- Thirty-seven per cent of granted building permits were directed to Uusimaa in February to April 2023.
Cubic volume covered by granted building permits grew in two regions
In February to April 2023, most building permits for newbuilding by volume and number of dwellings were granted in Uusimaa, Southwest Finland and Pirkanmaa. Among the regions, only the cubic volume of granted building projects in Åland and South Karelia grew from one year ago.
Measured by cubic volume, most building projects were completed in Uusimaa, Southwest Finland and North Ostrobothnia between February and April 2023. The growth compared to one year ago was biggest in Kymenlaakso, Satakunta and North Ostrobothnia.
On the level of the whole country, a total of 8,633 new dwellings were completed in building projects. Among the regions, most dwellings were completed in Uusimaa, where 4,038 dwellings were completed. Compared to one year ago, the biggest growth in the number of dwellings in completed building projects was seen in North Ostrobothnia, Uusimaa and Lapland.
Figures
Volume index of newbuilding 2015=100, trend, 2001M01-2023M04
Granted building permits by regions, moving annual total, 2023M04
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