Cubic volume of granted building permits went down by over one third in October to December 2022 from one year previously

release 21/02/2023 | Building and dwelling production 2022, December

According to Statistics Finland, building permits for newbuilding were granted for a total of 6.9 million cubic metres in October to December 2022, which was 35 per cent less than one year ago. At the same time, more building projects were started, in total 8.4 million cubic metres. The cubic volume of building projects started decreased by 24 per cent from one year ago.

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The cubic volume of building permits granted for residential building construction decreased by 32 per cent in October to December 2022 year-on-year.
In October to December 2022, building permits were granted for a total of 7,073 dwellings, which was 32 per cent lower than one year earlier.
In October to December 2022, altogether 30 per cent fewer residential building projects were started than one year earlier.
In October to December, the constant-price value or the volume of ongoing building production decreased by eight per cent year-on-year.