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New detached houses up 1.6 per cent
statistikk
2013-01-04T10:00:00.000Z
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, Q3 2012

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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New detached houses up 1.6 per cent

Prices of new detached houses increased by 1.6 per cent from the second to the third quarter of 2012.

New detached houses experienced a price increase of 5.0 per cent from the third quarter of 2011 to the third quarter of 2012. Contractors’ construction costs for detached houses of wood increased by 3.3 per cent during the same period according to Statistics Norway’s construction cost index .

New detached houses, price index. 2000=100

Since the bottom level in the 1st quarter of 1993, the prices of new detached houses have experienced an increase of 225.7 per cent.

A total of 622 observations have been used in the index calculations for the third quarter of 2012.

The complete time series can be found in StatBank .

Data sources

The data for calculating the price index are obtained from two different sources: the Norwegian cadastre and a quarterly survey. The cadastre 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 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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