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This is an archived release.
More than NOK 100 billion of transfers
In the third quarter of 2014, the aggregated value of transferred real properties in Norway surpassed NOK 100 billion for the first time within one quarter. Dwelling properties with buildings sold on the free market accounted for NOK 80 billion.
| 3rd quarter 2014 | Change in per cent | |||
|---|---|---|---|---|
| Transfers | Share | 3rd quarter 2013 - 3rd quarter 2014 | 3rd quarter 2009 - 3rd quarter 2014 | |
| All transfers | 49 459 | 100.0 | 1.2 | 11.3 |
| Establishment of lease | 359 | 1 | -12.0 | -5.3 |
| Transfer of lease | 3 249 | 7 | -3.1 | -8.7 |
| Transfer of title total | 45 851 | 93 | 1.6 | 13.2 |
| Transfer of title, free market sale | 30 645 | 62 | -2.1 | 14.2 |
| Transfer of title, donation | 2 308 | 5 | 15.1 | 0.9 |
| Transfer of title, compulsory sale and eminent domain | 237 | 0 | -8.1 | 22.2 |
| Transfer of title, licensed and inheritance of decedent estate | 7 065 | 14 | 2.8 | 8.3 |
| Transfer of title, other and not specified | 5 596 | 11 | 19.7 | 20.6 |
A total of 49 500 registered transfers of real property were recorded in the third quarter of 2014; a decrease of 600 properties compared with the corresponding quarter last year. The aggregate value of properties transferred during the third quarter of 2014 amounted to NOK 100.1 billion. This is an increase of NOK 2.0 billion compared with the corresponding quarter in 2013.
Decrease in sales of dwellings
In total, 25 800 dwellings with buildings were sold on the free market in the third quarter of 2014; a decrease of 1 per cent compared with the same quarter in 2013. The average price per transfer was NOK 3.1 million.
Decrease for holiday homes
In the third quarter of 2014, a total of 3 400 holiday homes were sold on the free market; a decrease of 1 per cent compared with the same quarter in 2013. Almost 2 600 of these were holiday homes on an owned site, while 700 were transfers of holiday homes on a leased site. The average price per transfer was NOK 1.5 million for holiday homes on owned sites, and NOK 1.4 million for holiday homes on leased sites.
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