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This is an archived release.
Three in five transferred within the family
In 2010, a total of 8 500 agricultural properties were transferred to a new owner. This is almost the same number as in the previous year. Three in five of the properties were transferred within the family.
In the last 10 years, almost 5 per cent of a total of 185 000 agricultural properties have been transferred annually. In 2010, almost one in three of the properties were sold on the free market, one in three were transferred as licensed decedent estates or inheritance of a decedent estate, and one in five were transferred as a donation. Most of the properties transferred as donations were transfers within the family.
Lower purchase price within the family
The average purchase price for all transferred properties sold on the free market was NOK 1 463 000. This figure rises to NOK 1 580 000 when transfers between family members are excluded.
Age of new owners lowest in family transfers
The average age of new owners of agricultural properties is almost 51 years. If the transfer is registered as a donation, which is normal for a family transfer, the average age of the new owner is 41 years. When the properties are transferred as licensed decedent estates or inheritance of a decedent estate, the new owners are on average 64 years old.
Average purchase priceThe composition of sold agricultural properties varies over time as regards size, standard and location. Due to this, the change in average purchase price per transfer from one year to another does not reflect the correct price trend. TransferA transfer does not only comprise ordinary sales, but also donations, compulsory sales and eminent domains, licensed decedent estates, inheritance of decedent estates and other. A transfer can also comprise one or several cadastral units. For properties with more than one owner, a transfer can also be a part of a property. Free market saleFree market sale means that the property is sold for a price corresponding to the market value. The property is not always announced for sale on the free market. DonationThe purchase price for properties transferred as a donation is normally low. Most of these donations are properties transferred within the family. Transfers within the familyWe have called it a family transfer when the buyer is related to the seller. Family includes: spouse, children, brothers, sisters, parents, grandparents, aunts and uncles. |
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Additional information
The composition of sold agricultural properties varies over time as regards size, standard and location. Due to this, the change in average purchase price per transfer from one year to another does not reflect the correct price trend.
Contact
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Trond Amund Steinset
E-mail: trond.amund.steinset@ssb.no
tel.: (+47) 40 81 13 73