Cubic volume of granted building permits decreased by 20 per cent year-on-year in September to November 2024
According to Statistics Finland, building permits for newbuilding were granted for a total of 6.2 million cubic metres in September to November 2024, which was 20 per cent less than one year earlier. Over the period, building projects totalling 6.8 million cubic metres were completed, which was 38 per cent down from one year earlier.
Key selections
- The cubic volume of building permits granted for residential buildings decreased by 12 per cent from a year ago in September to November 2024. The cubic volume of other than residential building construction decreased by 22 per cent.
- Building permits were granted for a total of 3,975 dwellings, which was 12 per cent fewer than one year earlier.
- In September to November 2024, the constant-price value or the volume of ongoing building production went down by seven per cent year-on-year.
- The cubic volume of building projects started was five per cent lower in September to November than one year earlier.
- The data on building projects started in the latest 24 months are estimated values, and they will become revised most during around 12 months from the first release.
Cubic volume of granted building permits was bigger than one year ago in seven regions
Measured by cubic volume, most building permits for newbuilding were granted in Uusimaa and Ostrobothnia in September to November 2024. The cubic volume granted in September to November exceeded that of the previous year in seven regions.
In September to November 2024, most building projects in terms of volume were completed in Uusimaa and South Ostrobothnia. The cubic volume of completed building projects grew in seven regions from one year ago.
On the level of the whole country, 4,925 new dwellings were completed in building projects in September to November, which was 50 per cent fewer than in the corresponding period one year earlier. Among the regions, most dwellings were completed in Uusimaa, 2,166. Compared with the previous year, the number of completed new dwellings increased in four regions.
Figures
Volume index of newbuilding 2015=100, trend, in 2001M01 to 2024M11
Granted building permits by region, m3, moving annual total, 2024M11
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