Transfer of properties, Q4 2000, preliminary figures

Registered sales of real property were up 7 000 in 2000 compared with the year before. This is an increase of 5 per cent. Compared with 1990, the increase is 42 per cent.

Sales and purchases total NOK 120 billion

The value of the properties sold in 2000 was up NOK 16 billion, 15 per cent more than the year before. In 2000 the value was NOK 121.5 billion, against NOK 49 billion 10 years earlier. This represents an increase of 148 per cent in current kroner value. Computed in constant 1990 kroner, the increase was 97 per cent.

Largest increase in Finnmark

More properties were sold in 2000 than the year before in all counties with the exception of Vest-Agder, which saw a small decline. Most sales took place in Akershus, with Hordaland in second place. The biggest increase, however, took place in Finnmark, where 12 per cent more sales were registered in 2000 compared with 1999.

100 000 transfers of dwelling properties

Two-thirds of the transfers were dwelling properties. Altogether 102 000 properties for housing purposes were registered in 2000, against 97 000 in 1999. Of these, 91 000 were built-up properties, while 11 000 were building sites. The average price per transfer for built dwelling properties sold voluntarily was almost NOK 1.3 million in 2000. This is 14 per cent more than in 1999. The average price increased in all counties in Norway. The largest increase was in Nord-Trøndelag, where the average price per residential sale rose by 23 per cent, while the price rise in Østfold and Troms was 20 and 19 per cent.

Prices per residential sale are still highest in Oslo, with an average of NOK 1 980 000 in 2000. This is 17 per cent more than in 1999. In Akershus the corresponding price was NOK 1 731 000 in 2000, 15 per cent more than in 1999. In fourth quarter 2000 alone, the average price in Oslo was NOK 2 037 000. The corresponding figure in Akershus was NOK 1 707 000. The average price in fourth quarter 2000 was respectively 15 and 6 per cent higher than the year before for Oslo and Akershus.

More expensive holiday properties

A total of 26 000 holiday properties were sold in 2000. Of these, 19 000 had a building, while 7 000 were building sites. The price per voluntary sale of holiday properties with building was NOK 514 000 on average for the entire country. This is an increase of NOK 82 000, or 19 per cent, in relation to 1999. The highest priced sales by far were in Vestfold, where the average price was NOK 1 402 000 per sale. The largest price increase was in Telemark, where the average price was 56 per cent higher than in 1999. Only Oslo and Finnmark saw a decline in price per transfer of holiday properties.