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/en/bygg-bolig-og-eiendom/statistikker/eiendomsoms/arkiv
33176
Marked decline in property sales
statistikk
2009-05-15T10:00:00.000Z
Construction, housing and property
en
eiendomsoms, Transfer of properties, registered transfers, dwellings, commercial properties, leisure properties, land, purchase price, type of dwellings, ground lease, transfer of title (for example free market sale, compulsory sale, settlement of estate)Property, Construction, housing and property
false

Transfer of properties, Q1 2009, preliminary figures

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Marked decline in property sales

The sales of dwellings and holiday homes fell by 22 and 18 per cent respectively in the first quarter of 2009 compared with the same period the previous year. The aggregated value of transfers of real property registered fell by NOK 17.3 billion.

Registered transfers of real property, 2000-2009*. 1st quarter

Average purchase price per transfer of built-up dwelling and holiday properties sold on the free market. 2002-2009*. Quarter. NOK 1 000

In total, 34 200 transfers of real property were registered in the first quarter of 2009; a decrease of 13 per cent compared with the same quarter in 2008. The aggregated value of the transferred properties amounted to NOK 43.8 billion; a 28 per cent decrease compared with the same period the previous year.

Fewer dwellings and holiday homes transferred

In total, 12 600 dwelling properties with building were sold on the free market in the first quarter of 2009. This is 21.7 per cent fewer than in the first quarter of 2008. The average price for these properties was NOK 2.3 million; a decrease of 3.4 per cent compared with the corresponding quarter of 2008. The average purchase price declined by 5.3 per cent compared with the fourth quarter of 2008. The average price per dwelling transfer in the first quarter of 2009 was highest in Oslo and Akershus with NOK 3.3 million and NOK 2.7 million respectively.

The number of holiday homes sold on the free market amounted to 1 657 in the first quarter of 2009. Compared with the first quarter of 2008 this is a decrease of 18 per cent. For these properties the average price was NOK 1.4 million; an increase of 10 per cent compared with the same period the previous year. More than 45 per cent of the holiday homes had a purchase price exceeding NOK 1 million. Vestfold experienced the highest average price, with NOK 2.1 million per transferred holiday home on the free market. Transfers of holiday homes on a leased site are not included in these figures.

What are the statistics about?

The statistics are based on the number and the value of the registered transfers of real property. The composition of sold properties varies over time as regards size, standard and location. Due to this, the change in average price per transfer from one year to another does not reflect the correct price trend for a certain type of property. For instance, a large number of high-standard holiday homes have been built in recent years. Therefore the average purchase price per transferred holiday home has increased more than the price of one single holiday home. The House price index shows the price trend for dwellings.

Date of registration and date of sale

The statistics are based on the date of registration. This date can be several weeks or months later than the date of sale.

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