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11436
Prices of new detached houses decreased
statistikk
2010-07-02T10:00:00.000Z
Prices and price indices;Construction, housing and property
en
enebolig, Price index for new detached houses, price development, new buildingsDwelling and housing conditions , House prices and house price indices , Construction, housing and property, Prices and price indices
false

Price index for new detached houses, Q1 2010

The price is connected to the quarter in which the local authorities register the construction work as completed and not at the time of entering into the sales contract. Therefore, the price index for new detached houses intercepts large changes in the market with a delay of almost one year.

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Prices of new detached houses decreased

Following a flattening of prices of new detached houses during 2009, prices decreased by 3.6 per cent from the first quarter of 2009 to the first quarter of 2010. Compared with the fourth quarter of 2009, prices decreased by 4.4 per cent.

New detached houses, price index. 2000=100

Prices of new detached houses reached a record low in the first quarter of 1993. Since then, the prices have increased by 172 per cent. In comparison, the prices of used detached houses increased by 252 per cent during the same period.

A total of 490 observations were used in the calculation of the index in the first quarter.

Data sources

The data for calculating the price index are obtained from two different sources: Ground Parcel, Address and Building Register (GAB), and a quarterly survey. The GAB provides information on dwellings completed during the reference period; location, utility floor space and who the owner is. Through the survey, Statistics Norway collects information about prices and quality characteristics that may have an influence on the price.

Time of measurement

The price is connected to the quarter in which the municipalities register the construction work as completed and not at the time of entering into the sales contract. Therefore, the price index for new detached houses intercepts large changes in the market with a delay of almost one year.

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