Price index for existing dwellings, Q4 2011

House prices fell by 0.4 per cent from the third to the fourth quarter last year. The largest decrease was in Hedmark and Oppland, by 3.7 per cent, while Bergen had the largest increase by 1.9 per cent.

Detached houses and row houses had a decrease of 0.8 and 0.1 per cent respectively from the previous quarter, while flats increased by 0.3 per cent.

Strongest growth in Trøndelag last year

From 2010 to 2011, average house prices increased by 8.0 per cent. House prices in Trøndelag had the

highest rise, by 11.0 per cent in Trondheim and 10.3 per cent in Trøndelag excluding Trondheim. Northern Norway had the lowest increase of 4.9 per cent.

Prices for flats in blocks had the highest increase, by 10.3 per cent. For row houses and detached houses the growth was 8.0 and 7.2 per cent respectively.

Growth in the large cities

In 2011, house prices were 50.9 per cent higher than the 2005 average. Stavanger had the strongest increase with 91.9 per cent. During the same period, Bergen and Trondheim was the region with the lowest price growth, at 45.0 and 46.5 per cent, while in Oslo the increase was level with the national average.

Tables:

• Table 1 House price index. All dwellings. 2005=100
• Table 2 International comparison. Prices of detached houses. Price change the last quarter and year