Slightly over 2,400 new dwellings built in Espoo last year
There were more than 800 fewer completed dwellings compared to 2024. This decline is due to the economic downturn in the construction sector. However, there are signs of recovery in the sector.
In 2025, there were a total of 2,426 completed dwellings: 862 state-subsidised rental dwellings, 251 right-of-occupancy dwellings, 735 non-subsidised dwellings and 578 owner-occupied dwellings. Over one third of the completed dwellings were state-subsidised rental dwellings, due to the economic situations. In recent years, housing production has been propped up with public funding, as there has been limited construction on market terms.
What the construction sector focused on was blocks of flats, despite the share of single-family houses being slightly higher than the previous year in the previous year. There were 2,044 flats and 382 single-family houses completed.
New construction expected to start this year
In 2025, new construction in housing was low compared to the figures from a few years ago, but there were positive signs that non-subsidised production might begin to recover. Several projects for blocks of flats for the consumer market were launched in different parts of Espoo, compared to the complete lack of projects in the previous year.
The construction of 1,867 dwellings began in 2025, which is 250 fewer than in the previous year. Construction of 363 new single-family houses began, compared to 243 houses in 2024. One third of the housing construction were state-subsidised rental dwellings.
“This year, we are expecting a slight growth in new construction,” says Housing Manager Anne Savolainen.
“The number of vacant, completed dwellings has fallen quite a lot this year. There are also fewer advertisements for rental dwellings than last year, which means that it seems like the housing supply seems to be going back to normal,” she continues.
A few years ago, housing production in Espoo produced more than 5,000 dwellings on several years in a row.
The largest numbers of them were in Suurpelto, Finnoo, Niittykumpu and Kera. These were also the same areas, apart from Kera, which saw the largest numbers of new dwellings in the previous year. Most new housing construction began in Northern Tapiola, Otaniemi and Finnoo.