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11434
Small increase in new house prices
statistikk
2010-09-20T10:00:00.000Z
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 housesQ2 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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Small increase in new house prices

After a decrease in prices of new detached houses in the first quarter this year, prices increased by 2.1 per cent in the second quarter of 2010.

From the second quarter of 2009 to the second quarter of 2010, prices of new detached houses increased by 0.9 per cent. In the first quarter of 1993 prices of new detached houses reached a record low. Since then, the prices have increased by 185 per cent, while the prices of used detached houses increased by 268 per cent in the same period.

New detached houses, price index. 2000=100

A total of 409 observations were used in the calculation of the index in the second quarter.

Data sources

The data for calculating the price index are obtained from two different sources: Ground Parcel, Address and Building Register (Matrikkelen), and a quarterly survey. The Matrikkelen 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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