Finland Times

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Home BUSINESSLess building permits granted in June-August
Sat, 22 Oct, 2016 12:03:13 AM
FTimes Report, Oct 22


Building permits were granted for a total of 8.7 million cubic metres in June to August 2016, according to Statistics Finland.

This was approximately one fifth lower than in the corresponding period of the year before.

 Measured by volume, 3 per cent more building permits were granted for residential buildings than one year earlier.

In all other types of buildings the cubic volume remained lower than in the corresponding period of the previous year.

 For 2016, the cubic volume granted stayed lower than usual during the busiest summer holiday months.

The cubic volume of building permits granted for residential buildings was 3.1 million in June to August.

Building permits granted for building blocks of flats kept the entire residential building construction slightly growing.

Building permits were granted for building a total of 10,180 dwellings, which is 15.5 per cent more than one year earlier, the statistics show.

The share of residential building construction covered good one-third of the cubic volume granted for the entire construction in June to August.

 The constant-price value or the volume of ongoing building production went up by 16.7 per cent year-on-year during the period.

The volume of construction of residential buildings increased in the period by 18.1 per cent and that of other than residential building construction by 15.6 per cent.

Measured by volume, at the same time, 10 per cent more building projects and 11.1 per cent more residential building projects were started than one year earlier.

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