Cubic volume of building permits granted decreased in July to September 2023 by 39 per cent year-on-year
Change
According to Statistics Finland, building permits for newbuilding were granted in July to September 2023 for a total of 5.1 million cubic metres, which was 39 per cent less than one year ago. The cubic volume of completed building projects decreased by nine per cent from one year ago.
Key selections
- The cubic volume of building permits granted for residential building decreased in July to September 2023 by 50 per cent year-on-year.
- In July to September 2023, building permits were granted for a total of 3,078 dwellings, which was 53 per cent fewer than one year earlier.
- In July to September 2023, the constant-price value or the volume of ongoing building production decreased by 16 per cent year-on-year.
- Of the total cubic volume of granted building permits, 34 per cent was directed to Uusimaa in July to September 2023.
Cubic volume covered by granted building permits grew in six regions
In July to September 2023, the cubic volume of building permits granted for newbuilding was highest in Uusimaa, Central Finland and North Ostrobothnia. Of the regions, more permits in cubic volumes were granted in South Karelia, Central Ostrobothnia, Åland, Lapland, Central Finland and Kainuu than one year earlier.
Measured by cubic volume, most building projects were completed in Uusimaa, North Ostrobothnia and Pirkanmaa in July to September 2023. The highest growth was seen in construction projects completed in South Savo, Åland and Pirkanmaa.
On the level of the whole country, a total of 9,383 new dwellings were completed in building projects. Among the regions, most dwellings were completed in Uusimaa, 3,825. The growth in the number of dwellings in completed building projects was highest in the regions of South Savo, Lapland and Päijät-Häme compared to one year ago.
Figures
Volume index of newbuilding 2015=100, trend, 2001M01-2023M09
Granted building permits by region, m3, moving annual total, 2023M09
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