Published: 22 January 2019

Cubic volume covered by granted building permits continued to decline strongly

According to Statistics Finland, building permits were granted for a total of 7.3 million cubic metres in September to November 2018. The figure fell by 29.6 per cent from the previous year. Examined by building type, the cubic volume covered by permits granted for commercial and office buildings decreased considerably, by 47.1 per cent. The cubic volume covered by permits for residential building construction and industrial and warehouse building also decreased considerably from one year ago.

Granted building permits and building starts, mil. m3, moving annual total

Granted building permits and building starts, mil. m3, moving annual total

The cubic volume of permits for residential building construction decreased further

In September to November, cubic metres covered by permits for residential buildings amounted to 2.6 million, while during the same period one year earlier, the figure was 3.7 million. Residential building construction decreased in the latest examination period by 30.8 per cent.

In September to November, building permits were granted for a total of 8,457 dwellings, in the year before the corresponding figure was 13,022.

More than 2,100 building permits for residential buildings were granted in September to November, which was 17 per cent fewer than in the previous year. The number has been on the decline for almost a year. In terms of number, granted building permits decreased by 43.2 per cent for residential blocks of flats and by 13.7 per cent for other residential buildings from the previous year.

Growth in the volume of building production continued to peter out

In September to November 2018, the constant-price value or the volume of ongoing building production increased by 1.8 per cent year-on-year. The volume of residential building construction increased by 0.4 per cent during the period and that of other than residential building construction by 3.1 per cent. Measured by volume, 2.7 per cent fewer building projects than one year earlier were started in the same period.

Volume index of newbuilding 2010=100, trend

Volume index of newbuilding 2010=100, trend

Source: Building and dwelling production, Statistics Finland

Inquiries: Paavo Kokkonen 029 551 3028, Merja Järvinen 029 551 2458, Heli Suonio 029 551 2481, rakennus.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (220.2 kB)

Tables

Tables in databases

Appendix tables

Revisions in these statistics

Updated 22.1.2019

Referencing instructions:

Official Statistics of Finland (OSF): Building and dwelling production [e-publication].
ISSN=1798-9590. November 2018. Helsinki: Statistics Finland [referred: 24.2.2019].
Access method: http://www.stat.fi/til/ras/2018/11/ras_2018_11_2019-01-22_tie_001_en.html