Cubic volume covered by granted building permits decreased in the first quarter of 2022

release 24/05/2022 | Building and dwelling production 2022, March

According to Statistics Finland, building permits for newbuilding were granted in January to March 2022 for a total of 8.1 million cubic metres, 20.8 per cent less than one year ago. Building permits for residential building construction were granted for 2.8 million cubic metres, which was 16.7 per cent less than one year previously. The cubic volume of other than residential building construction went down by 22.9 per cent. Building permits for 9,090 dwellings were granted over the period, 19.4 per cent fewer than one year previously. The number of building permits granted for residential blocks of flats was 23.2 per cent lower and that for detached and semi-detached houses 8.7 per cent lower than one year previously.

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In January to March 2022, the cubic volume granted for newbuilding decreased by 20.8 per cent from one year back.
In January to March 2022, 19.4 per cent fewer building permits for new dwellings were granted than in the previous year.
In January to March 2022, 4.9 per cent fewer block of flats projects were started than one year earlier.
In January to March 2022, the cubic volume of completed building projects was 19.9 per cent higher than one year previously.

Volume of residential building showing steady growth

In January to March, the constant-price value or the volume of ongoing building production grew by 10.3 per cent year-on-year. The volume of residential building construction increased by 15.9 per cent and that of other than residential building construction by 5.6 per cent.

The cubic volume of building projects started decreased for total construction by 0.2 per cent and for residential building by 1.7 per cent from one year back.