Content
Published:
This is an archived release.
Prices of new multi-dwellings up 14.5 per cent
Prices of new multi-dwelling houses increased by 14.5 per cent from 2005 to 2006. Prices of flats in housing blocks increased the most, by 18.5 per cent. In comparison, prices of small houses increased by 11.2 per cent.
The annual growth figures are calculated by comparing average index figures in 2005 and 2006.
From the first to the second half of 2006, prices of new multi-dwelling houses increased by 3.1 per cent. Flats in housing blocks increased by 5.2 per cent and new small houses by 2.9 per cent during this period.
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Data source
The Norwegian State Housing Bank provides the data used in this index. The data are based on information from loan applications received by the bank. The index only includes projects for which loans have been granted. Houses are divided into two different groups of buildings: Small houses comprise row houses, linked houses, atrium houses, terraced houses, houses with two, three or four dwellings and other multi-dwelling houses with less than three storeys. Blocks of flats comprise multi-dwelling houses with three or more storeys
Price
The prices used in the index refer to the price the final owner has to pay for the dwelling, excluding the cost of land. They are based on loan applications and are estimates of the final cost, not the actual final cost. Comparisons reveal insignificant differences between estimates of the final costs and the actual final cost.
Time of measurement
The index is comprised of multi-dwelling housing projects for which the Norwegian State Housing Bank has granted loans during the six-month reference period. Loans are normally granted before or when the building starts. |
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Contact
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Statistics Norway's Information Centre
E-mail: informasjon@ssb.no
tel.: (+47) 21 09 46 42