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159074
House prices same as first quarter last year
statistikk
2014-04-11T10:00:00.000Z
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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The house price index measures development of the value of the housing stock. House prices increased by 2.1 per cent during the first quarter of 2014, and reached the same level as in the first quarter of 2013.

Price index for existing dwellings, Q1 2014

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

House prices same as first quarter last year

House prices increased by 2.1 per cent during the first quarter of 2014, and reached the same level as in the first quarter of 2013.

House price index. Change in per centPublished 11 April 2014
4th quarter 2013 - 1st quarter 20141st quarter 2013 - 1st quarter 2014
The whole country2.10.1
 
Oslo including Bærum1.8-2.4
Stavanger-1.9-5.5
Bergen4.82.8
Trondheim2.6-1.1
 
Akershus excluding Bærum2.00.8
Sør-Østlandet3.02.7
Hedmark and Oppland5.95.8
Agder and Rogaland excluding Stavanger1.0-1.2
Vestlandet excluding Bergen2.21.5
Trøndelag exluding Trondheim2.12.1
Nord-Norge0.0-0.1

Source: Statistics Norway

Figure 1. House price index by house type

Following a decrease in the second half of 2013, house prices have returned to the same level as in the first quarter of 2013.

Blocks of flats down 1.3 per cent

On average, detached houses were 0.6 per cent more expensive, while flats in blocks were 1.3 per cent less expensive than in the first quarter of 2013. The prices of small houses remained unchanged.

Price decline in the cities

From the first quarter of 2013 to the first quarter of 2014, house prices in Stavanger dropped by 5.5 per cent. Prices also decreased in Oslo and Trondheim in this period, by 2.4 and 1.1 per cent respectively.

A total of 18 827 house sales were used in the index calculations for the first quarter of 2014.