A residential building under construction in Tampere on 15 July 2021. (Timo Jaakonaho – Lehtikuva)

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RESIDENTIAL CONSTRUCTION continued at a brisk pace in Finland between March and May.

Statistics Finland reported last week that the constant-price value of ongoing residential building construction projects crept up by over two per cent year-on-year in the second quarter of the year. The cubic volume of the projects, meanwhile, increased by 20 per cent and the number of projects launched by almost 45 per cent from the previous year.

Building permits were granted to more than 13,000 residential units between March and May, representing an increase of nearly a quarter (23%) from 2020.

The constant-price value of other constriction projects contrastively decreased by seven per cent, dragging the value of all construction projects three per cent below the level of last year. The total floor space of construction projects started amounted to 12.8 million cubic metres, of which residential buildings accounted for a little over a third, or 4.4 million cubic metres.

Aleksi Teivainen – HT

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