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Sat, 23 Jul, 2016 12:06:11 AM FTimes Report, Jul 23
Building permits were granted for a total of 11.8 million cubic metres in March to May 2016, which is 17.1 per cent more than one year ago, according to Statistics Finland.
The growth was particularly due to the cubic volume of building permits granted for commercial and office buildings.
The 24.0 per cent growth in the volume of construction of commercial and office buildings is explained by building permits granted for new shopping centre projects.
The cubic volume of building permits granted for residential buildings grew by 9.4 per cent. The growth was affected by building permits granted for terraced houses and block of flats.
In the March to May period, building permits were granted for a total of nearly 9,600 dwellings, which is 10.6 per cent more than in the corresponding period one year earlier, the data show.
The constant-price value or the volume of ongoing building production went up by 18.9 per cent year-on-year.
The volume of construction of residential buildings increased in the period by 24.1 per cent and that of other than residential building construction by 15.1 per cent.
Measured by volume, in total 30.0 per cent more building projects and 21.2 per cent more residential building projects were started than one year earlier.
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Finland Times
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