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Published:
This is an archived release.
More sales of holiday homes and dwellings
In the first quarter of 2015, the number of transfers of holiday homes increased by 22 per cent compared with the corresponding quarter in the previous year. The number of dwellings transferred increased by 15 per cent.
1st quarter 2015 | Change in per cent | |||
---|---|---|---|---|
Transfers | Share | 1st quarter 2014 - 1st quarter 2015 | 1st quarter 2010 - 1st quarter 2015 | |
All transfers | 42 984 | 100.0 | 6.6 | 15.0 |
Establishment of lease | 439 | 1 | 12.3 | 9.5 |
Transfer of lease | 2 849 | 7 | 7.6 | 3.7 |
Transfer of title total | 39 696 | 92 | 6.4 | 15.9 |
Transfer of title, free market sale | 24 787 | 58 | 14.1 | 20.2 |
Transfer of title, donation | 2 576 | 6 | -2.8 | 10.6 |
Transfer of title, compulsory sale and eminent domain | 292 | 1 | 11.5 | 9.4 |
Transfer of title, licensed and inheritance of decedent estate | 6 615 | 15 | -1.4 | 13.7 |
Transfer of title, other and not specified | 5 426 | 13 | -8.8 | 4.1 |
A total of 43 000 transfers of real property were registered in the first quarter of 2015; an increase of 7 per cent compared with the first quarter of 2014. The aggregated value of the transferred properties amounted to NOK 85.6 billion; an increase of 19 per cent compared with the same quarter of 2014.
Sales of holiday homes still increasing
In the first quarter of 2015, a total of 2 400 holiday homes were sold on the free market. Almost 1 800 of these were holiday homes on an owned site, while 620 were transfers of holiday homes on a leased site. The average price per transfer was NOK 1.7 million for holiday homes on an owned site, and NOK 1.4 million for holiday homes on a leased site.
Increase in sales of dwellings
In total, 19 900 dwellings with buildings were sold on the free market in the first quarter of 2015; an increase of 15 per cent compared with the same quarter in 2014. The highest average price per dwelling transfer in the first quarter of 2015 was recorded in Oslo at NOK 4.9 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