Transfer of properties, Q3 2004, preliminary figures

The aggregate value of the properties transferred during the first three quarters of 2004 amounted to NOK 127.4 billion. This is an increase of 24 per cent compared with the corresponding period in 2003.

The number of registered transfers of real property over this period in 2004 was 120 800, an increase of 5 per cent compared with the three first quarters in 2003. Seen quarter by quarter, the number of transfers increased by 10 and 7 per cent respectively, in the first and second quarter, while slipping back 0.1 per cent in the third quarter.

Steady increase for holiday properties

Sales increased for most types of properties during this years first three quarters. Holiday properties had the highest growth by 13 per cent. Sales of dwelling properties rose by only 3 per cent. Among the holiday properties, properties with building increased by 10 per cent, while properties without building (sites) increased by 24 per cent.

Highest sales of holiday properties in late summer

Traditionally, the transfer of holiday properties is highest in the months July to September. In 2004, a total of 2 500 holiday homes were sold on the free market during these three months. This is 500 more than in the preceding three months and 1 100 more than in the first quarter of the year. The average price per transfer of holiday homes amounted to NOK 768 000 in the third quarter of 2004, 23 per cent more than in the same quarter last year.

Price per dwelling transfer up

In the third quarter of 2004, a total of 18 900 dwellings were sold on the free market. The average price per transfer was NOK 1.6 million. This is 12 per cent more than in the corresponding period last year and 2 per cent more than in the previous quarter.

Tables:

• Table 1 Notified transfers of real property. 1. -3. quarter 2001-2004*
• Table 2 Notified transfers of real property, by quarter. 1998-2004*
• Table 3 Notified transfers of real property, by type of property. 1.-3. quarter 2001-2004*
• Table 4 Notified transfers of real property, by type of transfer and type of property. 1.-3. quarter 2004*
• Table 5 Transfer of dwelling properties with building, voluntary sale, by purchase price. (Corrected 24 February 2005)
• Table 6 Transfer of dwelling properties with building, voluntary sale, by type of dwelling
• Table 7 Transfer of holiday properties with building, voluntary sale, by purchase price