Real estate maintenance costs rise 2.1% in Q3

Real estate maintenance costs rose by 2.1 per cent in the third quarter of 2019 compared to that in the corresponding period of 2018, according to the Statistics Finland.

Of the cost items of the index of real estate maintenance, electricity costs increased most, by 6.6 per cent. Renovation costs went up by 2.4 per cent and heating costs by 1.5 per cent. Waste management costs increased by 1.9 per cent, costs of maintenance of outdoor areas by 1.2 per cent and administration costs by 1.2 per cent.

Water supply and sewage costs rose by 1.2 per cent and use and maintenance costs by 1.0 per cent. Cleaning costs increased by 0.9 per cent.

Examined by building type, the maintenance costs of wholesale and retail trade buildings went up most, by 2.6 per cent.

The costs of industrial buildings and office buildings went up by 2.5 per cent. The maintenance costs of daycare centres and school buildings grew by 1.9 per cent and the costs of blocks of flats by 1.8 per cent. The maintenance costs of health care centres went up by 2.0 per cent year-on-year.