Content
Published:
This is an archived release.
Sales of holiday homes increased
In the second quarter of 2014 the number of transfers of holiday homes increased by 5 per cent compared with the corresponding quarter in the previous year. The number of dwellings transferred increased by 2 per cent.
2nd quarter 2014 | Change in per cent | |||
---|---|---|---|---|
Transfers | Share | 2nd quarter 2013 - 2nd quarter 2014 | 2nd quarter 2009 - 2nd quarter 2014 | |
All transfers | 45 643 | 100.0 | 0.5 | 15.3 |
Establishment of lease | 321 | 1 | -9.6 | -24.6 |
Transfer of lease | 2 992 | 7 | -3.9 | -3.9 |
Transfer of title total | 42 330 | 93 | 0.9 | 17.4 |
Transfer of title, free market sale | 26 973 | 59 | -0.5 | 19.4 |
Transfer of title, donation | 2 248 | 5 | 0.3 | -1.4 |
Transfer of title, compulsory sale and eminent domain | 206 | 0 | -12.0 | 67.5 |
Transfer of title, licensed and inheritance of decedent estate | 7 335 | 16 | 0.7 | 14.4 |
Transfer of title, other and not specified | 5 568 | 12 | 9.5 | 19.6 |
A total of 45 600 transfers of real property were registered; an increase of 1 per cent compared with the same quarter in the previous year. The aggregated value of transferred properties during the second quarter of 2014 amounted to NOK 86.5 billion; an increase of 1 per cent compared with the second quarter of 2013.
More sales of holiday homes
In total, 2 800 holiday homes were sold on the free market in the second quarter; an increase of 5 per cent from the corresponding period last year. More than 2 100 of these were holiday homes on an owned site, while more than 600 were transfers of holiday homes on a leased site. The average price per transfer was NOK 1.6 million for holiday homes on an owned site. For holiday homes on a leased site the average price was NOK 1.3 million.
Small increase for dwelling transfers
A total of 22 400 dwelling properties with buildings were sold on the free market in the second quarter of 2014. This was an increase of 2 per cent compared with the second quarter of 2013. The average purchase price per transfer was NOK 3.1 million. The highest average price per dwelling transfer in the fourth quarter of 2014 was recorded in Oslo at NOK 4.3 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