Published: 27 November 2018

Clearly fewer building permits were granted than one year ago

According to Statistics Finland, the volume of building permits granted in July to September 2018 was exceptionally low, 5.8 million cubic metres. It fell by 25.4 per cent from the previous year. The number of permits granted was also lower than one year ago. The cubic volumes of all building types decreased significantly during the third quarter. The cubic volume of commercial and office buildings declined most, by 43.8 per cent. Measured in cubic volumes, 37.5 per cent fewer building permits were granted for residential buildings than one year before.

Granted building permits and building starts, mil. m3, moving annual total

Granted building permits and building starts, mil. m3, moving annual total

The cubic volume of permits for residential building construction decreased considerably

In July to September, cubic metres covered by permits for residential buildings amounted to 1.8 million, while during the same period one year earlier, the figure was 2.9 million. Residential building construction decreased by 37.5 per cent. The cubic volume for all building types decreased from the year before, the cubic volume covered by permits granted for residential blocks of flats was under one-half of the volume of the year before.

Granted building permits, million m3, residential buildings, three month total

Granted building permits, million m3, residential buildings, three month total

In the third quarter of 2018, building permits were granted in total for 5,492 dwellings. The corresponding figure in the second quarter was 14,494 dwellings.

Growth in the volume of building production petered out

In July to September 2018, the constant-price value or the volume of ongoing building production increased by 1.9 per cent year-on-year. The volume of residential building construction increased by 3.9 per cent during the period and that of other than residential building construction by 0.2 per cent. Measured by volume, 20.9 per cent fewer building projects than one year earlier were started in the same period. The number of residential building starts was 9.0 per cent lower than one year ago.

Volume index of newbuilding 2010=100, trend

Volume index of newbuilding 2010=100, trend

Source: Building and dwelling production, Statistics Finland

Inquiries: Paavo Kokkonen 029 551 3028, Merja Järvinen 029 551 2458, Heli Suonio 029 551 2481, rakennus.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (224.2 kB)

Tables

Tables in databases

Appendix tables

Revisions in these statistics

Updated 27.11.2018

Referencing instructions:

Official Statistics of Finland (OSF): Building and dwelling production [e-publication].
ISSN=1798-9590. September 2018. Helsinki: Statistics Finland [referred: 18.12.2018].
Access method: http://www.stat.fi/til/ras/2018/09/ras_2018_09_2018-11-27_tie_001_en.html