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Tue, 30 Aug, 2016 12:09:45 AM FTimes Report, Aug 30  Large renovations planned by housing companies, percentage of respondents. Source: Renovation of buildings and apartments. Statistics Finland. Owners of dwellings and housing companies renovated their dwellings and residential buildings to the tune of EUR 6.3 billion in 2015.
Combined renovation costs grew by nine per cent from 2014, according to Statistics Finland.
Renovation costs were at the same level in 2014 and 2013.
EUR 3.1 billion was spent on renovating detached and terraced houses and EUR 2.5 billion was used on renovations to blocks of flats while EUR 690 million to dwellings in terraced houses, the data show.
Most of the renovations to blocks of flats, EUR 1.97 billion was spent on renovations made by housing companies and the remaining EUR 500 million on own renovations or contracted renovations by owners of dwellings in blocks of flats.
Terraced house companies used EUR 350 million on renovations and owners of terraced houses EUR 330 million.
The value of own work was not taken into account in renovations made by dwelling owners.
Renovation costs by type of house and structural element in 2015, EUR million
Renovation costs of buildings by purpose of use of the building
2) The renovation costs of commercial and office buildings were examined for the first time for 2014 and the renovation costs of industrial and warehouse buildings for 2015. Source: Renovation of buildings and apartments. Statistics Finland.
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