A more recent publication of this set of statistics is available.

Latest publication: Building cost index 2019, September

Published: 12 January 2009

Growth rate of building costs slowed down to 1.6 per cent in December

Building costs rose by 1.6 per cent from December 2007 to December 2008. Labour costs in construction went up by 2.5 per cent, prices of materials by 1.3 per cent and those of other inputs by 0.7 per cent year-on-year. This is indicated by the building cost index of Statistics Finland.

From November to December 2008, the total index of building costs went down by 0.8 per cent. The prices for labour went down by 0.7 procent, the prices of materials by 0.5 procent and the prices of those for other inputs by 2.0 per cent.

Building Cost Index (2005 = 100) and its year-on-year and month-on-month changes

Index December
2008
Change %
12/2007 - 12/2008
Change %
11/2008 - 12/2008
Building trade newbuilding      
Total index 113.7 1.6 -0.8
    Labour 110.6 2.5 -0.7
    Materials 115.6 1.3 -0.5
    Other inputs 113.9 0.7 -2.0
       
By type of building      
Newbuilding      
    Blocks of flats 113.9 1.0 -0.6
    Detached residential houses 113.2 0.5 -0.9
    Office and commercial buildings 113.3 1.8 -0.8
    Industrial and warehouse buildings 114.3 2.6 -0.8
    Agricultural production buildings 117.2 -1.5 -0.8

Source: Building cost index 2008, December. Statistics Finland

Inquiries: Ms Sinikka Kanerva +358 9 1734 2231, rakennus.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

Tables

Tables in databases


Last updated 12.1.2009

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. December 2008. Helsinki: Statistics Finland [referred: 17.11.2019].
Access method: http://www.stat.fi/til/rki/2008/12/rki_2008_12_2009-01-12_tie_001_en.html