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Home BUSINESSCubic volume of granted building permits down in Q 4 of 2015
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Sat, 27 Feb, 2016 12:09:44 AM
FTimes Report, Feb 27
 
Granted building permits and building starts, mil. m3, moving annual total. Source: Building and dwelling production, Statistics Finland.
Building permits were granted in October to December 2015 for a total of 6.8 million cubic metres, which is 6.3 per cent lower than one year ago, according to Statistics Finland.
 
The cubic volume of building permits granted for the construction of industrial and warehouse buildings and public service buildings diminished during the period.
 
However, growth was accumulated in building permits granted for residential buildings and commercial and office buildings in the last quarter.
 
Building permits were granted for a total of 2.2 million cubic metres of residential building projects, which was 8.2 per cent more than one year earlier, the data show.
 
Building permits granted for blocks of flats had most impact on the growth.
 
Volume index of newbuilding 2010=100, trend. Source: Building and dwelling production, Statistics Finland.
At the same time, the cubic volume granted for others than residential buildings decreased by 12.1 per cent from one year back.
 
The constant-price value or the volume of ongoing building production decreased in the last quarter of 2015 by nearly one per cent year-on-year.
 
Measured by volume, 11.4 per cent more of all building projects and 40.2 per cent more residential building projects were started in the same period than one year earlier.
 
Despite the uncertain economic outlook, the cubic volume of building permits granted grew in 2015 by nearly seven per cent from the year before.
 
Granted building permits for residential buildings, mil. m3, moving annual total. Source: Building and dwelling production, Statistics Finland.
Building permits were granted for a total of 30,000 dwellings, nearly 40 per cent of which were granted for Greater Helsinki.
 
Starts of build projects subject to licence were on level with the previous year, but the development of residential building starts made an upturn.  
 
The data of the statistics on building and dwelling production are based on the building permit data of the Population Register Centre.  
 
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