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Building costs rose by 3.0 per cent compared to the previous year in 2023

Release related to topics:Housing and constructionPrices and consumption
release | Building cost index 2023

Correction

The presentation accuracy has been corrected to one decimal place in database table 13g7.
Read more about the correction

According to Statistics Finland, building costs rose by 3.0 per cent in 2023 from one year back. Among materials, the biggest increases in the year were recorded in heat insulation (15.0%). Costs decreased most in the year in timber structures (-14.9%) and precast concrete units (-6.0%).

Key selections

  • Building costs rose by 3.0 per cent from one year ago.
  • The costs of materials increased by 2.1 per cent from one year back.
  • The prices of labour increased by 4.4 per cent from one year ago.

Tables

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Building Cost Index 2021=100, 2023

Building Cost Index 2021=100 by input heading, 2023

Database tables

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Updated database tables
11na
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Future releases

Documentation

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Go to documentation of the statistics

Referencing instructions

Official Statistics of Finland (OSF): Building cost index [online publication].
Reference period: 2023. ISSN=1799-5841. Helsinki: Statistics Finland [Referenced: 16.11.2024].
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Statistical experts

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Service email
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Aaro Laakkonen
Senior Statistician
029 551 3868

Other experts

Martti Korhonen
Senior Statistician
029 551 3451

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Hannele Orjala
Head of Department in charge
029 551 3582