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Published: 15 April 2021

Building costs rose by 1.3 per cent in March year-on-year

According to Statistics Finland, building costs rose by 1.3 per cent in March 2021 from one year back. The costs of materials went up by 1.6 per cent and labour costs by 1.2 per cent. The prices of services fell by 0.3 per cent from one year ago.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From February to March, the total index of building costs rose by 0.4 per cent. The prices of materials rose by 0.7 per cent. Labour costs and the prices of services remained in March on level with February.

Building cost index 2015=100, March 2021

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 105.7 0.4 1.3
By type of cost Labour inputs 400 105.4 0.0 1.2
Materials 510 106.3 0.7 1.6
Services 90 103.6 0.0 -0.3
By purpose of use Residential building 440 105.7 0.4 1.3
Other building construction 560 105.7 0.4 1.3

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458,

Head of Department in charge: Hannele Orjala

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Updated 15.04.2021

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. March 2021. Helsinki: Statistics Finland [referred: 7.6.2023].
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