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This is an archived release.
Fewer property sales
A total of 2 050 holiday homes were sold on the free market in the first quarter of 2014, representing a decrease of 10 per cent compared with the corresponding quarter in the previous year. The transfer of dwellings on the free market decreased by 6 per cent in the same period.
1st quarter 2014 | Change in per cent | |||
---|---|---|---|---|
Transfers | Share | 1st quarter 2013 - 1st quarter 2014 | 1st quarter 2009 - 1st quarter 2014 | |
All transfers | 40 302 | 100.0 | -0.3 | 17.8 |
Establishment of lease | 389 | 1 | -0.8 | -16.0 |
Transfer of lease | 2 652 | 7 | -2.5 | 6.4 |
Transfer of title total | 37 261 | 92 | -0.2 | 19.2 |
Transfer of title, free market sale | 21 783 | 54 | -6.8 | 20.1 |
Transfer of title, donation | 2 638 | 7 | 10.4 | 13.9 |
Transfer of title, compulsory sale and eminent domain | 264 | 1 | 12.3 | 61.0 |
Transfer of title, licensed and inheritance of decedent estate | 6 649 | 16 | 7.6 | 15.5 |
Transfer of title, other and not specified | 5 927 | 15 | 15.1 | 21.6 |
In total, 40 300 transfers of real property were registered in the first quarter of 2014; a minor decline compared with the corresponding quarter in 2013. The aggregated value of the transferred properties amounted to NOK 71.8 billion; a 5 per cent decrease compared with the same period in the previous year.
Fewer transfers of holiday homes
A total of 2 050 holiday properties were sold on the free market in the first quarter of 2014. This is a decrease of 10 per cent. Of these, 1 600 were holiday homes on owned sites, while 450 were transfers of holiday homes on leased sites. The average price per transfer was NOK 1.5 million.
Decrease in transfers of dwellings
In the first quarter of 2014, a total of 17 300 dwellings were sold on the free market, representing a decrease of 6 per cent. The average price per transfer was NOK 3.1 million. The highest average price per dwelling transfer in the first quarter of 2014 was recorded in Oslo at NOK 4.6 million.
Not price statisticsOpen and readClose
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.
For the development of the value of the total housing stock in Norway , see the House price index.
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