Price index for existing dwellings, Q3 2004

Adjusted for seasonal variations, house prices increased by 2.6¹ per cent from the second to the third quarter of 2004.

Up 16.2 per cent in Stavanger, Bergen and Trondheim

From the third quarter of 2003 to the third quarter of 2004, house prices have increased by 10.6 per cent. The three cities Stavanger, Bergen and Trondheim have had the highest increase in house prices, at 16.2 per cent on average. Prices of flats are higher than other types of housing, and have increased by 18.8 per cent in these cities over the last year, while prices of detached houses and row houses increased by 16.3 and 14.5 per cent respectively.

Highest increase for flats in third quarter

Prices of flats increased by 2.7 per cent during the last quarter, while prices of row houses increased by 1.3 per cent. In comparison, prices of detached houses fell by 0.6 in the same period.

There are clear geographical variations in house prices. In the third quarter, prices increased by 2.5 per cent in Oslo and Bærum and 2.7 per cent in Stavanger, Bergen and Trondheim. In Akershus excluding Bærum as well as the rest of the country prices fell by 0.5 and 1.1 per cent.

A total of 12 504 sales are used in the calculation of the price index.

Tables:

• Table 1 House price index. All dwellings. 2000=100
• Table 2 House price index. All dwellings. Seasonally adjusted. 2000=100
• Table 3 House price index. Freeholder. 2000=100
• Table 4 House price index. Housing cooperative. 2000=100
• Table 5 Average price per square metre. Freeholder, by county/city