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Price increase for all types of housing
statistikk
2013-04-16T10:00:00.000Z
Prices and price indices;Construction, housing and property
en
bpi, Price index for existing dwellings, price development, house prices, detached houses, town houses, blocks of flats, housing cooperatives, homeowner, price per square metre, house salesDwelling and housing conditions , House prices and house price indices , Construction, housing and property, Prices and price indices
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Price index for existing dwellings, Q1 2013

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An error has been identified in ‘The Index for row houses for Nord-Norge' for the period 2nd 2012 - 1st quarter 2014. This has also affected the total figures. Updated figures for this period are available in StatBank.

Price increase for all types of housing

House prices increased by 2.9 per cent from the fourth quarter of 2012 to the first quarter of 2013, following a decrease in house prices during the last quarter.

House price index. Change in per centPublished 16 April 2013
4th quarter 2012 - 1st quarter 20131st quarter 2012 - 1st quarter 2013
The whole country2.96.0
 
Oslo including Bærum3.17.9
Stavanger2.07.4
Bergen3.34.6
Trondheim4.911.5
 
Akershus excluding Bærum4.08.0
Sør-Østlandet2.55.4
Hedmark and Oppland1.01.8
Agder and Rogaland excluding Stavanger1.85.2
Vestlandet excluding Bergen2.53.9
Trøndelag exluding Trondheim3.75.3
Nord-Norge3.94.0

Source: Statistics Norway

The price development was almost the same for the different types of housing from the fourth quarter last year to the first quarter of 2013. The prices of row houses increased by 3.2 per cent, while flats and detached houses increased by 2.9 and 2.8 per cent respectively.

House prices are on average 6.0 per cent higher now than at the same time last year. Flats cost 8.1 per cent more than in the first quarter of 2012, while the prices of row houses and detached houses have increased by 5.7 and 5.3 per cent respectively during the same period.

Strongest growth in Trondheim last year

From the first quarter of 2012 to the first quarter of 2013, house prices in Trondheim had the highest rise, by 11.5 per cent. Prices for detached houses and flats in blocks increase by 15.4 and 13.3 per cent, while the growth was 5.7 per cent for row houses.

In Trøndelag without Trondheim the increase in prices was lower than the national average. House prices in Hedmark and Oppland had the lowest increase, by 1.8 per cent during the last year.

Nordic comparison

After the financial crisis, prices of detached houses developed differently in the Nordic countries. From the fourth quarter of 2008 to the fourth quarter of 2012, prices of detached houses in Norway and Sweden increased by 32.5 and 11.6 per cent respectively, while in Denmark the prices decreased by 8.5 per cent. In the fourth quarter of 2012 the cost of houses in Sweden and Denmark was 2.1 and 0.3 per cent higher respectively than the same quarter last year. During the same period, prices of detached houses in Norway increased by 5.9 per cent.

A total of 18 018 house sales are used in the index calculations for the first quarter of 2013.