Published: 13 June 2019

Owners of dwellings and housing companies renovated with EUR 6.3 billion in 2018

According to Statistics Finland, owners of dwellings and housing companies renovated their dwellings and residential buildings to the tune of EUR 6.3 billion in 2018. The combined renovation costs increased by 1.5 per cent from the level of 2017 and they have grown by 9.8 per cent from 2013. EUR 3.4 billion were spent on renovating detached and terraced houses. EUR 2.2 billion were used on renovations to blocks of flats, and EUR 720 million to terraced houses.

Most of the renovations to blocks of flats, EUR 1.7 billion, were spent on renovations made by housing companies and the remaining EUR 510 million on own renovations or contracted renovations by owners of dwellings in blocks of flats. Terraced house companies used EUR 420 million on renovations and owners of terraced houses EUR 300 million.

The figures include value added tax. Renovation costs do not include the value calculated for own work or voluntary work.

Renovation costs by type of house and structural element in 2018, EUR million

Structural element Type of house
  Detached and semi-detached houses Terraced houses Blocks of flats All 2018 All 2017 All 2016 All 2015 All 2014 All 2013
Damp areas 614 133 155 902 788 918 847 625 749
Kitchen 495 88 176 760 582 568 585 516 602
Living and other areas 337 77 182 596 506 657 664 654 883
Outer surfaces and structures 877 190 588 1,655 1,787 2,037 1,846 1,620 1,510
Building technology 661 152 849 1,661 1,791 1,762 1,518 1,645 1,496
Yard area and outbuildings 367 43 84 494 540 486 580 509 352
Indoor areas of the housing company 0 37 203 240 219 192 226 202 154
Total 3,351 720 2,237 6,307 6,213 6,622 6,266 5,771 5,745

Renovation costs relative to the floor area amounted to EUR 41.7 per m² in blocks of flats in 2018. The corresponding cost item was EUR 30.3 per m² in terraced houses and EUR 25.2 per m² in detached houses.

Housing companies were asked about large renovations that are planned for the next ten years. Twenty per cent of the housing companies that answered the question were planning a roof or façade renovation. Eighteen per cent were planning a yard area renovation. Sixteen per cent were planning a water supply system renovation and 13 per cent a 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 446 million in 2018 and to EUR 475 million in 2015.


Source: Renovations of apartments and residential buildings, Statistics Finland

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

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (229.2 kB)

Tables

Appendix tables

Figures

Updated 13.6.2019

Referencing instructions:

Official Statistics of Finland (OSF): Renovation building [e-publication].
ISSN=1799-2974. Renovation of building construction enterprises 2018. Helsinki: Statistics Finland [referred: 20.10.2019].
Access method: http://www.stat.fi/til/kora/2018/01/kora_2018_01_2019-06-13_tie_001_en.html