Cubic volume granted for building permits decreased further between December 2022 and February 2023 from one year ago

release 25/04/2023 | Building and dwelling production 2023, February

According to Statistics Finland, building permits for newbuilding were granted for a total of 6.4 million cubic metres between December 2022 and February 2023, which was 25 per cent less than one year ago. At the same time, building projects of 5.6 million cubic metres were started and 11.0 million cubic metres were completed.

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Cubic volume of building permits granted for newbuilding decreased in December 2022 to February 2023 by 33 per cent year-on-year.
In December 2022 to February 2023, building permits were granted for a total of 5,833 dwellings, which was 33 per cent lower than one year earlier.
In the construction projects completed, 11,599 new dwellings were built between December 2022 and February 2023, which was 26 per cent more than one year earlier.
In December 2022 to February 2023, the constant-price value or the volume of ongoing building production decreased by 10 per cent year-on-year.