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New residential construction increased for third consecutive year in Helsinki

The number of new housing units completed in Helsinki in 2016 was 4,395. The number of housing starts was 5,129, and building permits were granted for 5,597 units. New residential construction in Helsinki has been at markedly higher levels in the 2010s than in the previous decade. Since 2012, an average of 4,500 new housing units have been completed in each year.Housing starts in 2016 exceeded the number of units completed, so the number of housing units under construction remained at 7,000. The number of building permits granted in 2016 was record high for the third consecutive year. As a result, new residential construction is expected to remain robust in the current year. The residential construction target set by the City Council is cur...[…]