The turnover of building projects developments in Finland exhibited significant fluctuations over the past decade. From 2013 to 2019, the industry saw substantial growth, with notable increases in turnover in 2015 (30.41%) and 2019 (34.01%). However, the market experienced a decline in 2020 (-6.7%) and stabilized with marginal decreases up to 2023, where it stood at 837.2 million euros. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) was modest at 4.5%.
Future trends to watch for include:
- Consistent slight decline in turnover from 2024 to 2028, with a forecasted 5-year growth rate of -0.18%.
- Potential market stabilization or slight further contractions as indicated by the -0.04% forecasted 5-year CAGR.
