According to Raklin, the trade organization for property owners and builders in Finland, the early part of 2023 is expected to remain weak for housing construction, with no immediate improvement in sight. They highlight that the turning point for construction overall will be sluggish, and particularly in the residential sector, the beginning of the year is projected to be quite subdued.

Raklin estimates that Finland will initiate the construction of approximately 15,000 to 17,000 housing units this year. This forecast reflects a continued decline, as last year's housing starts fell to under 17,000, marking the lowest figure recorded since the late 1960s according to Hypon. This trend in housing construction not only reflects current economic challenges but also raises concerns about future housing availability in Finland.

The implications of these numbers point towards broader economic struggles within the construction industry, potentially impacting housing supply and market dynamics as demand fluctuates. If the downward trend continues, it may result in significant challenges for both builders and prospective homeowners looking for affordable housing solutions in an increasingly tight market.