Content
Published:
This is an archived release.
Record high property transfers
A total of 51 900 transfers of real property were registered in the fourth quarter of 2011. The aggregate value amounted to NOK 89.8 billion; an increase of 17 per cent compared with the corresponding quarter the previous year.
The number of registered transfers of real property increased by 4 per cent compared with the fourth quarter of 2010. The aggregate value of properties transferred during the fourth quarter of 2011 is the highest aggregate value registered during one quarter at any time.
Continued increase in transfers of dwellings
In the fourth quarter of 2011, a total of 24 600 dwellings were sold on the free market, representing an increase of 10 per cent. The average price per transfer was NOK 2.7 million. Almost one in three transferred dwellings had an average purchase price exceeding NOK 3 million. The highest average price per dwelling transfer in the fourth quarter of 2011 was recorded in Oslo at NOK 4.0 million.
Small decline in transfers of holiday homes
A total of 3 500 holiday properties with building were sold on the free market in the fourth quarter of 2011. This is a decrease of 6 per cent. Somewhat more than 2 600 of these were holiday homes on owned site, while almost 900 were transfers of holiday homes on leased sites. The average price per transfer was almost NOK 1.3 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 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. Year and 4th quarter 2010-2011*
- Table 2 Registered transfers of real property, by quarter. 1998-2011*
- Table 3 Registered transfers of real property, by type of property. Year and 4th quarter 2010-2011*
- Table 4 Registered transfers of real property, by type of transfer and type of property. 4th 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
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