Content
Published:
This is an archived release.
Increase in sales of holiday homes
The sales of holiday homes on the free market rose by 10 per cent in the first quarter of 2011 compared with the same period the previous year. Sales of dwellings rose by 4 per cent in the same period.
In total, 38 000 transfers of real property were registered in the first quarter of 2011; an increase of 2 per cent compared with the same quarter in 2010. The aggregated value of the transferred properties amounted to NOK 58.1 billion; a 10 per cent increase compared with the same period the previous year.
Marked increase for holiday homes
The number of holiday homes sold on the free market amounted to nearly 1 700 in the first quarter of 2011. Compared with the first quarter of 2010 this is an increase of 10 per cent. For these properties the average price was NOK 1.4 million. Transfers of holiday homes on a leased site are not included in these figures.
Continued increase in transfer of dwellings
In total, 15 200 dwelling properties with building were sold on the free market in the first quarter of 2011. This is 4 per cent more than in the first quarter of 2010. The average price for these properties was NOK 2.5 million. The average price per dwelling transfer in the first quarter of 2011 was highest in Oslo with NOK 3.9 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. Registered transfers of condominiums are not included in the statistics. Date of registration and date of saleThe statistics are based on the date of registration. This date can be several weeks or occasionally 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. 1st quarter 2008-2011*
- Table 2 Registered transfers of real property, by quarter. 1998-2011*
- Table 3 Registered transfers of real property, by type of property. 1st quarter 2008-2011*
- Table 4 Registered transfers of real property, by type of transfer and type of property. 1st quarter 2011*
- 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
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Terje Olav Rundtom
E-mail: terje.olav.rundtom@ssb.no
tel.: (+47) 91 38 60 61