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Price fall for new detached houses
statistikk
2013-04-02T10:00:00.000Z
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, Q4 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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Price fall for new detached houses

Prices of new detached houses fell by 1.4 per cent from the third quarter to the fourth quarter of 2012.

New detached houses, price index (2000=100)Published 2 April 2013
Price indexPercentage change from the same quarter of the previous yearPercentage change from previous year/same quarter of the previous quarter
1st quarter 2012192.37.11.0
2nd quarter 2012197.55.12.7
3rd quarter 2012200.65.01.6
4th quarter 2012197.83.9-1.4

Source: Statistics Norway

New detached houses, price index. 2000=100

In spite of a price fall during the quarter, new detached houses were 3.9 per cent more expensive in the fourth quarter of 2012 than in the same quarter of 2011. Contractors’ construction costs for detached houses of wood increased by 3.1 per cent in the same period according to Statistics Norway’s Construction cost index.

According to the annual price index, new detached houses were 5.2 per cent more expensive in 2012 than in the previous year.

A total of 775 observations were used in the calculation of the index in the fourth quarter of 2012.