Content
Published:
This is an archived release.
Decline in sales of dwellings and holiday homes
In the second quarter of 2009 the number of transfers of dwelling properties with building was 14 per cent lower than in the corresponding quarter last year. The number of transferred holiday homes decreased by 6 per cent.
The aggregated value of transferred properties during the second quarter of 2009 amounted to NOK 56 billion, an increase of 18 per cent compared with the second quarter of 2009. A total of 39 600 transfers of real property were registered, a slight increase compared with the same quarter last year.
Fewer holiday homes transferred, but higher prices
There were 1 980 sales of holiday homes on the free market in the second quarter, a decrease of 6 per cent from the corresponding period last year. The average price per transfer was nearly NOK 1.5 million, representing a year-on-year increase of 3 per cent. The counties of Hedmark and Telemark had the highest average prices per transfer with NOK 2.1 million. Transfers of holiday homes on a leased site are not included in these figures.
Fewer dwelling transfers
A total of 16 800 dwelling properties with buildings were sold on the free market in the second quarter. This is 14 per cent fewer than in the second quarter of 2008. The average purchase price per transfer was NOK 2.3 million: a decrease of 3 per cent compared with the corresponding quarter last year. Compared with the first quarter of 2009 the average price rose by 0.7 per cent. Oslo still has the highest average price per transfer with NOK 3.5 million.
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.
Free market saleFree market sale means that the property is sold for a price corresponding to the market value. The property is not always announced for sale on the free market. |
Tables:
- Table 1 Registered transfers of real property. 2nd quarter 2006-2009*
- Table 2 Registered transfers of real property, by quarter. 1998-2009*
- Table 3 Registered transfers of real property, by type of property. 2nd quarter 2006-2009*
- Table 4 Registered transfers of real property, by type of transfer and type of property. 2nd quarter 2009*
- Table 5 Transfer of dwelling properties with building, free market sale, by purchase price
- Table 6 Transfer of dwelling properties with building, free market sale, by type of dwelling
- Table 7 Transfers of holiday properties with building, free market sale, by purchase price
Additional information
The statistics are based on the date of registration. On average, a property is registered 30 days after the date of sale.
Contact
-
Terje Olav Rundtom
E-mail: terje.olav.rundtom@ssb.no
tel.: (+47) 91 38 60 61