Cubic volume covered by granted building permits fell by 29 per cent from one year ago in December 2023 to February 2024
Correction
Correction
According to Statistics Finland, building permits for newbuilding were granted for a total of 4.9 million cubic metres between December 2023 and February 2024, which was 29 per cent lower than one year earlier. Over the same period, building projects totalling 6.8 million cubic metres were completed, 40 per cent down from one year earlier.
Key selections
- The cubic volume granted for residential buildings in the December 2023 to February 2024 period decreased by 43 per cent from one year ago.
- Building permits were granted for 3,103 dwellings between December 2023 and February 2024, which was 50 per cent lower than one year earlier.
- Between December 2023 and February 2024, the constant-price value or the volume of ongoing building production went down by 20 per cent year-on-year.
Cubic volume covered by granted building permits was bigger than a year ago in seven regions
During December 2023 to February 2024, most building permits for newbuilding by volume were granted in Uusimaa, Pirkanmaa and Southwest Finland. Of the regions, the cubic volume granted exceeded that of the previous year in the regions of Kymenlaakso, Ostrobothnia, Satakunta, Päijät-Häme, Central Ostrobothnia, Central Finland and Pirkanmaa.
Measured by cubic volume, most building projects were completed in Uusimaa, Pirkanmaa and North Ostrobothnia between December 2023 and February 2024. Compared to the cubic volume one year earlier, only building projects completed in Kainuu increased.
On the level of the whole country, a total of 7,075 new dwellings were completed in building projects. Among the regions, most dwellings were completed in Uusimaa, 4,182. The number of dwellings in completed building projects grew in the regions of Åland, Kainuu and Kanta-Häme compared to the previous year.
Figures
Volume index of newbuilding 2015=100, trend, in 2001M01 to 2024M02
Granted building permits by region, m3, moving annual total, 2024M02
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