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Home BUSINESSCubic volume of granted building permits falls in May-July
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Mon, 28 Sep, 2015 12:05:52 AM
FTimes Report, Sep 28
 
Granted building permits, mil. m3, moving annual total. Source: Building and dwelling production, Statistics Finland.
Building permits were granted in May to July 2015 for a total of 7.9 million cubic metres, which is 12.2 per cent lower than one year ago, according to Statistics Finland's data.
 
The share of residential buildings in the total was 2.5 million cubic metres.
 
Measured by volume, the development was most favourable for building permits granted for residential blocks of flats, growing by 5.7 per cent, the statistics show.
 
For other than residential building construction, most building permits were granted for public service buildings, up by 23.6 per cent from one year back.
 
In May to July, building permits were granted for nearly 7,000 apartments, which is 5.3 per cent down from one year ago.
 
Granted building permits for residential buildings, mil. m3, moving annual total. Source: Building and dwelling production, Statistics Finland.
Measured by volume, 13.1 per cent fewer building permits were granted for residential buildings than one year earlier.
 
The share of detached houses in the cubic volume of residential building has long been bigger than that of residential blocks of flats.
 
Large block of flats projects granted in Greater Helsinki have kept the block of flats production stable.
 
The long-term development has changed and the cubic metre volume granted for detached houses has fallen under the level of the block of flats production.
 
Volume index of newbuilding 2010=100, trend. Source: Building and dwelling production, Statistics Finland.
The constant-price value or the volume of ongoing building production decreased in July by 3.7 per cent year-on-year.
 
At the same time, the production of residential building went down by 5.2 per cent and other than residential building by 2.6 per cent.
 
The production of transport buildings grew most, by 10.3 per cent from one year ago.  
 
The data are based on the building permit data of the Population Register Centre.  
 
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