Cubic volume covered by granted building permits declined by 26 per cent year-on-year in May to July 2023release | Building and dwelling production 2023, July
According to Statistics Finland, building permits for newbuilding were granted in May to July 2023 for a total of 7 million cubic metres, which was 26 per cent less than one year ago. The cubic volume of completed building projects decreased by 18 per cent from one year back.
- The cubic volume of building permits granted for residential building construction decreased in May to July 2023 by 53 per cent year-on-year.
- In May to July 2023, building permits were granted for 4,898 dwellings, which was 56 per cent fewer than one year earlier.
- In May to July 2023, the constant-price value or the volume of ongoing building production decreased by 16 per cent year-on-year.
- Of the total cubic volume of granted building permits, 34 per cent was directed to Uusimaa in May to July 2023.
Cubic volume covered by granted building permits grew in three regions
In May to July 2023, the cubic volume of building permits granted for newbuilding was highest in Uusimaa, Southwest Finland and Pirkanmaa. Of the regions, more permits in cubic volumes were granted for South Savo, South Ostrobothnia and Southwest Finland than one year earlier.
Measured by cubic volume, most building projects were completed in Uusimaa, Pirkanmaa and North Ostrobothnia between May to July 2023. The highest growth was seen in construction projects completed in Lapland, Central Ostrobothnia and Kanta-Häme.
On the level of the whole country, a total of 10,435 new dwellings were completed in building projects. Among the regions, most dwellings were completed in Uusimaa, 4,695. The growth in the number of completed building projects was biggest in the regions of Kymenlaakso, South Karelia and South Savo compared to one year ago.
Volume index of newbuilding 2015=100, trend, 2001M01-2023M07
Granted building permits by region, m3, moving annual total, 2023M07
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