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This is an archived release.
Decrease in sales of dwellings
Registered transfers of dwellings decreased by 6 per cent from the second quarter of 2015 to the second quarter of 2016. Most of the decline occurred in Oslo and Rogaland, where 29 and 28 per cent fewer transfers were registered respectively. The number of transferred holiday homes increased by 9 per cent in the same period.
| 2nd quarter 2016 | Change in per cent | |||
|---|---|---|---|---|
| Transfers | Share | 2nd quarter 2015 - 2nd quarter 2016 | 2nd quarter 2011 - 2nd quarter 2016 | |
| All transfers | 48 410 | 100.0 | 0.1 | 14.5 |
| Establishment of lease | 464 | 1 | 25.7 | 39.8 |
| Transfer of lease | 3 129 | 6 | 0.6 | 0.2 |
| Transfer of title total | 44 817 | 93 | -0.1 | 15.4 |
| Transfer of title, free market sale | 27 451 | 57 | -4.3 | 9.2 |
| Transfer of title, donation | 3 891 | 8 | 32.1 | 87.8 |
| Transfer of title, compulsory sale and eminent domain | 255 | 1 | 4.9 | -1.9 |
| Transfer of title, licensed and inheritance of decedent estate | 7 427 | 15 | -1.1 | 11.5 |
| Transfer of title, other and not specified | 5 793 | 12 | 5.4 | 23.5 |
A total of 48 400 transfers of real property were registered in the second quarter of 2016. The aggregated value of the transferred properties amounted to NOK 101.6 billion; the same level as the second quarter of 2015.
Decline in transfers of dwellings
In total, 21 700 dwellings were sold on the the free market in the second quarter of 2016; a decrease of 6 per cent compared with the same quarter in 2015. The decline was strongest in Oslo and Rogaland. In Oslo, the decline was 29 per cent, while the average price per transfer increased by 9 per cent. In Rogaland, 28 per cent fewer dwellings were sold.
More transfers of holiday homes
In the first quarter of 2016, a total of 3 400 holiday homes were sold on the free market. This is an increase of 9 per cent. Almost 2 600 of these were holiday homes on an owned site, while 800 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 1.5 million for holiday homes on a leased site.
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