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EUR 5.2 billion were used on renovations of owner-occupied dwellings and one-dwelling and two-dwelling houses in 2023

Release related to topics:Housing and constructionEnterprises
release | Renovation building 2023

According to Statistics Finland, owners of dwellings renovated their dwellings and residential buildings to the tune of EUR 5.2 billion in 2023. The amount of money spent on renovations went up by 2.7 per cent from the level of 2022. EUR 4.3 billion were spent on renovating one-dwelling and two-dwelling houses. EUR 550 billion were used on renovations to dwellings in blocks of flats, and EUR 350 million to dwellings in terraced houses.

Key selections

  • In 2023, the value of renovations of one-dwelling and two-dwelling houses grew by 7.4 per cent from the year before.
  • The amount of money spent on renovations increased by 14.4 per cent in block of flats companies and by 15.5 per cent in dwellings in blocks of flats.
  • The value of renovations went up by 4.7 per cent in terraced house companies and fell by 14.8 per cent in terraced houses.
  • Owner-occupiers and housing companies renovated houses with a total of EUR 7.8 billion. The amount of money was 5.6 percentage points higher than in 2022.

Renovations contracted out by housing companies 2023, EUR million
Renovations contracted out by owner-occupiers 2023, EUR million

Database tables

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Updated database tables
12ig
Classifications used:
  • Type of dwelling
  • Reasons for renovation
Reference period cycle:
year
Updating frequency:
year
Statistics:
Updated:
12if
Classifications used:
  • Reasons for renovation
  • Type of housing company
Reference period cycle:
year
Updating frequency:
year
Statistics:
Updated:
12ih
Classifications used:
  • Type of renovation
  • Planned time
Reference period cycle:
year
Updating frequency:
year
Statistics:
Updated:
13p1
Classifications used:
  • Type of housing company
Reference period cycle:
year
Updating frequency:
year
Statistics:
Updated:
13p2
Classifications used:
  • Type of dwelling
Reference period cycle:
year
Updating frequency:
year
Statistics:
Updated:
13p3
Classifications used:
  • Type of dwelling
Reference period cycle:
year
Updating frequency:
year
Statistics:
Updated:
13p4
Classifications used:
  • Structure element
  • Type of dwelling
Reference period cycle:
year
Updating frequency:
year
Statistics:
Updated:
13tm
Classifications used:
  • Type of housing company
  • Structure element
Reference period cycle:
year
Updating frequency:
year
Statistics:
Updated:

Future releases

Documentation

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Go to documentation of the statistics

Referencing instructions

Official Statistics of Finland (OSF): Renovation building [online publication].
Reference period: 2023. ISSN=1799-2974. Helsinki: Statistics Finland [Referenced: 16.10.2024].
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