Published: 2 July 2021

Owners of dwellings and housing companies renovated with EUR 6.4 billion in 2020

According to Statistics Finland, owners of dwellings and housing companies renovated their dwellings and residential buildings to the tune of EUR 6.4 billion in 2020. The amount of money spent on renovations went up by 6.2 per cent from the level of 2019. Growth was especially recorded in the renovations directed at terraced houses and detached and semi-detached houses. EUR 3.2 billion were spent on renovating detached and semi-detached houses. EUR 2.4 billion were used on renovations to blocks of flats, and EUR 810 million to terraced houses.

Most of the renovations to blocks of flats, EUR 1.9 billion, were spent on renovations made by housing companies and the remaining EUR 500 million on self-made or contracted renovations by owners of dwellings in blocks of flats. Terraced house companies used EUR 500 million on renovations and owners of dwellings in terraced houses EUR 310 million.

The figures include value added tax. Renovation costs do not include the value calculated for own work and communal work. In terraced houses and blocks of flats, housing companies are responsible for the renovation of exteriors and structures, building technology, yard area and yard buildings, and the house company's interiors. Owner-occupiers are responsible for the repair of damp areas, kitchen, living and other premises in the dwelling.

Renovation costs by type of house and structural element in 2020, EUR million

Structural element Type of house
  Detached and semi-detached houses Terraced houses Blocks of flats All 2020 All 2019 All 2018 All 2017 All 2016 All 2015 All 2014 All 2013
Damp areas 473 142 183 797 797 902 788 918 847 625 749
Kitchen 348 102 135 584 447 760 582 568 585 516 602
Living and other areas 361 71 187 620 451 596 506 657 664 654 883
Outer surfaces and structures 728 249 643 1 620 1 685 1 655 1 787 2 037 1 846 1 620 1 510
Building technology 844 138 962 1 944 1 827 1 661 1 791 1 762 1 518 1 645 1 496
Yard area and outbuildings 432 58 126 615 575 494 540 486 580 509 352
Indoor areas of the housing company .. 55 181 236 256 240 219 192 226 202 154
Total 3 184 814 2 417 6 415 6 039 6 307 6 213 6 622 6 266 5 771 5 745

Renovation costs relative to the floor area amounted to EUR 43.9 per m² in blocks of flats in 2019. The corresponding cost item was EUR 31.7 per m² in terraced houses and EUR 23.5 per m² in detached houses.

Housing companies were asked about large renovations planned for the next ten years. Nearly 18 per cent of the housing companies that answered the question were planning a roof, façade and yard area renovation. Fifteen per cent were planning a water supply system renovation. Approximately 13 per cent of the companies in question were planning a heating system and sewerage system renovation.

Large renovations planned by housing companies, percentage of respondents

Large renovations planned by housing companies, percentage of respondents

The renovation costs of state-subsidised rental dwelling companies amounted to EUR 506 million in 2020 and to EUR 448 million one year earlier.


Source: Renovations of apartments and residential buildings, Statistics Finland

Inquiries: Eetu Toivanen 029 551 3331, Liina Arhosalo 029 551 3612, rakennus.suhdanne@stat.fi

Head of Department in charge: Hannele Orjala

Publication in pdf-format (230.3 kB)

Tables

Tables in databases

Appendix tables

Figures

Updated 2.7.2021

Referencing instructions:

Official Statistics of Finland (OSF): Renovation building [e-publication].
ISSN=1799-2974. Renovation of building construction enterprises 2020. Helsinki: Statistics Finland [referred: 27.9.2021].
Access method: http://www.stat.fi/til/kora/2020/01/kora_2020_01_2021-07-02_tie_001_en.html