Construction|Most should be built in the large urban area, especially in Helsinki and Tampere.
Technology The VTT Research Center estimates that more than 35,000 new homes are still needed in Finland over the next couple of decades. According to a VTT study, population growth and housing needs boosted by immigration are focused on growing urban areas.
VTT’s Housing Production Survey includes two scenarios of the need for housing. The higher is based on Statistics Finland’s population forecast and lower on the Ministry of Finance’s forecast. In a more moderate forecast, the need for housing would be about 31,000 per year.
In the forecast of higher population growth, the population of Finland will increase by more than six million by 2045, with a lower population of 5.8 million.
Over the past 20 years, an average of 33,100 homes have been built. The largest production was in 2021, when 46,500 new homes were launched. In 2023, the number was less than half and about 21,000.
“If the production volumes in the coming years do not rise to the level that meets the current pit, there may be a rise in prices and a new growth spike,” said VTT’s Senior Researcher Terttu Vainio in the bulletin.
Renew Housing is especially needed for large urban areas as their share of the population is still increasing. They would be 85 % of the new apartments needed. The busiest growth is anticipated in the Helsinki and Tampere regions.
The previous report, published in 2019, estimated that the need for housing production will increase the increase in single living and one adult’s household.
“This trend has been even more strongly realized than it was seen. We estimated that the apartments would be focused on 51 homes per 100 people by 2029, but this was already happened in 2023.
The Housing Needs study has been carried out by VTT and its subscribers include the construction industry RT, the Ministry of the Environment, the Association of Finnish Local and Regional Authorities, the Municipal Finance and the Financial Services. The study is intended to support the development of the state and municipal community structure and as a tool for developers.