Number of building permits granted declined in March to May 2022 year-on-year

release 19/07/2022 | Building and dwelling production 2022, May

According to Statistics Finland, building permits for newbuilding were granted in March to May 2022 for a total of 10.1 million cubic metres, which was nearly one third lower than in the corresponding period one year ago. Cubic metres covered by permits for residential buildings amounted to 3.8 million, while one year earlier, the corresponding figure was 4.4 million.

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The cubic volume of building permits granted for newbuilding decreased by 32 per cent in March to May 2022 year-on-year.
In March to May 2022, building permits were granted for 12,351 dwellings, which is 12 per cent lower than one year earlier.
The cubic volume of residential building projects started was almost eight per cent lower in March to May 2022 than twelve months earlier.
The cubic volume of completed building projects was 19 per cent higher in March to May 2022 than one year earlier.

Volume of residential building still growing

In March to May 2022, the constant-price value or the volume of ongoing building production increased by eight per cent year-on-year. The volume of residential building construction increased by 13 per cent and that of other than residential building construction by four per cent from one year earlier.