Price index for new dwellings

Utility floor space is the floor area measured within the outer walls. As defined in Norwegian Standard NS 3940 Area and volume calculations of buildings.

Multi-dwellings:
The price is the sales price for the consumer, including the value of the land and VAT. For dwellings in housing co-operatives the joint debt is included in the sales price.

The price refers to the point of time when the contract is signed.

Price zones: the municipalities are divided into four categories of price levels according to the municipalities square meter price.

Detached houses:
The price is the sales price for the consumer, excluding land value. VAT is included in the price.

The price refers to the quarter in which the municipalities register the construction work as completed.

Price zones: the municipalities are divided into five categories of price levels according to the municipalities square meter price.

Price per square meter:
The price per square meter is calculated by dividing the sale price (with and without plot) by the utility floor space.

The multi-dwellings are divided in two groups:
• Block of flats
• Small houses containing more than one dwelling like row houses, terraced houses, semi-detached houses etc.

Detached houses include detached houses, detached house with a bed-sit or basement flat and farmhouse but does not include semi-detached house.

Type of building is in accordance with the classification used in the the Cadastre.

Price per square meter:

Region: The average price per square meter has been calculated per region.

City: The average price per square meter has been calculated for the largest cities: Oslo, Bergen, Trondheim and Stavanger.