Cubic volume covered by granted building permits declined in March to May 2023 year-on-year
According to Statistics Finland, building permits for newbuilding were granted in March to May 2023 for a total of 6.6 million cubic metres, which was 44 per cent less than one year ago. The cubic volume of building projects started decreased by 22 per cent and that of completed building projects by 31 per cent from one year back.
Key selections
- The cubic volume of building permits granted for residential building construction decreased in March to May 2023 by 63 per cent year-on-year.
- In March to May 2023, building permits were granted for 4,033 dwellings, which was 70 per cent fewer than one year earlier.
- In March to May 2023, the constant-price value or the volume of ongoing building production decreased by 12 per cent year-on-year.
- Of the cubic volume of granted building permits, 29 per cent was directed to Uusimaa in March to May 2023.
Cubic volume covered by granted building permits grew in five regions
In March to May 2023, most building permits for newbuilding by volume were granted in Uusimaa, Southwest Finland and Pirkanmaa. Among the regions, the cubic volume of building projects granted in Åland, Kymenlaakso, Kainuu, South Karelia and Päijät-Häme grew from one year ago.
Measured by cubic volume, most building projects were completed in Uusimaa, Pirkanmaa and Southwest Finland between March and May 2023. The growth compared to one year ago was biggest in Kanta-Häme, Satakunta and Lapland.
On the level of the whole country, a total of 9,799 new dwellings were completed in building projects. Among the regions, most dwellings were completed in Uusimaa, 4,208 dwellings. Compared to one year ago, the biggest growth in the number of dwellings in completed building projects was seen in Åland, North Ostrobothnia and Lapland.
Figures
Volume index of newbuilding 2015=100, trend, 2001M01-2023M05
Granted building permits by region, moving annual total, 2023M05
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